Intelligent CISO Issue 66 | Page 21

Veridas joins Security Industry Association ( SIA ) to drive continued collaboration within the security industry
V digital identity and biometrics , has announced its new membership in the Security Industry Association ( SIA ), a leading trade association for global security solution providers . SIA aims to promote success in the global security industry by providing information , insight and influence . Since its launch in 2012 , Veridas has established a worldwide company aimed at enhancing lives by guaranteeing people ’ s right to use their real identities in the digital and physical world .
Cybersecurity breaches triple for financial services firms
T services firms has tripled from the years 2021 – 2022 and 2022 – 2023 , with the highest number of breaches being reported within the pensions sector .
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Veridas joins Security Industry Association ( SIA ) to drive continued collaboration within the security industry

A world-leading association for security solutions , SIA provides education , certification , standards , advocacy and influential events that connect security leaders and experts who shape the future of the security industry . SIA protects and advances its members ’ interests by advocating for pro-industry policies to establish transparent industry standards which facilitate seamless integration . eridas , a technology company specialising in

V digital identity and biometrics , has announced its new membership in the Security Industry Association ( SIA ), a leading trade association for global security solution providers . SIA aims to promote success in the global security industry by providing information , insight and influence . Since its launch in 2012 , Veridas has established a worldwide company aimed at enhancing lives by guaranteeing people ’ s right to use their real identities in the digital and physical world .

Veridas ’ innovative solutions and experience can serve as a valuable resource for SIA members seeking to understand and implement biometric technologies effectively and ethically . This mutually beneficial relationship allows SIA to tap into Veridas ’ specialised knowledge while Veridas gains access to a broader industry network and resources .
For Veridas , the Security Industry Association ( SIA ) offers a valuable platform for networking and collaboration within the security industry . SIA provides access to critical information , industry insights and standards that are crucial for Veridas in developing cutting-edge identity and security solutions . Veridas will leverage SIA ’ s influential events and advocacy to shape policies and regulations favouring the ethical and responsible use of biometrics and security technologies .

Cybersecurity breaches triple for financial services firms

he number of cybersecurity breaches for UK financial

T services firms has tripled from the years 2021 – 2022 and 2022 – 2023 , with the highest number of breaches being reported within the pensions sector .

A report from the international law firm , RPC , highlighted that the number of breaches reported to the Information Commissioners Office ( ICO ) has increased from 187 to 640 , with reports within the pensions sector increasing significantly from six to 246 .
“ For many sectors now , it is no longer a question of ‘ if ’ but ‘ when ’ an attack will occur ,” said Achi Lewis , Area VP EMEA , Absolute Software . “ The financial sector is a crucial element within our global economy , handling vast amounts of sensitive data and financial transactions daily , making it a prime target for bad actors .
“ As such , cyber-resiliency has never been more pressing . This means not only having robust preventive measures in place but also a proactive response mechanism that can swiftly adapt and recover in the face of an attack . Self-healing technology can empower financial institutions to automatically detect and repair damaged applications and devices , effectively preventing re-infection and reducing downtime .”
According to Absolute ’ s Resilience Index 2023 , the financial services sector ’ s Windows 10 patch age was a total of 118 days , higher than the professional services sector . u www . intelligentciso . com
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