NEWS
54 % of CISOs are ‘ fighting an uphill battle ’ for board-level cybersecurity support
CISOs feel unsupported in mitigating against cyberattacks .
“ C-level hesitance to invest more in cybersecurity makes it near impossible for CISO ’ s to answer the hard question , ‘ are we safe ?’” said Brendan Kotze , CDO and Co-founder at Encore . “ Ensuring risk is properly managed is worth the investment .”
Over half ( 54 %) of Chief Information
Security Officers ( CISOs ) say the board fails to provide them with ample investment for cyberinitiatives , according to a new study by cybersecurity technology provider , Encore .
An independent study of 100 C-level executives , 100 CISOs and 500 office workers in the US and the UK sought to uncover the gap that remains between boards and security teams when it comes to addressing cyber demands .
One of the primary findings of the study indicated that 50 % of boards across both regions have cybersecurity at the top of their agenda , yet over 60 % of
Nearly half ( 49 %) of C-level executives admit that having the right technology in place gives them the most confidence in the company ’ s cybersecurity strategy . However , only 44 % of CISOs feel the same .
“ Security officers not only have to defend the business against a vast amount of known and unknown attacks , but they ’ re also being asked to stake personal reputation when there is a lack of board confidence in the controls themselves , never mind the operation or compliance of those controls ,” added Kotze .
Western Union integrates Mambu into its new digital bank platform in Europe
Mambu , a cloud banking platform , has teamed up with Western Union – a global leader in cross-border , cross-currency money movement and payments – to integrate its solution into the latter ’ s nextgeneration real-time multi-currency digital wallet and digital banking platform in Europe .
Mambu will enable Western Union to extend its relationship with its customers and create a new banking experience . With its cloudnative platform , Mambu has 70 million daily users and over 230 banks and financial institutions as customers . native mobile app , customers can create a new account in minutes by selecting a subscription model and start saving and spending instantly .
The new digital banking offering will help Western Union transform the transactional relationships it has with customers , into closer customer-centric connections .
“ By partnering with Mambu , we have built our digital banking products and services starting in Europe with Germany and Romania ,” said Thomas Mazzaferro , Chief Data & Innovation Officer at Western Union . “ The Mambu and Western Union team have come together in a truly collaborative partnership accelerating our financial service ambitions , while building a product that can scale and is cloud agnostic .”
Built on Mambu , Western Union ’ s digital banking app , WU +, will bring together a range of features that make it easy to move money , manage cards and view transactions .
Mambu gives Western Union full control to deploy new banking products and services that are easy to configure and integrate with external applications . In a single ,
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