The 2014 hacks of Sony Pictures sent shockwaves through executive suites in every industry, but for many in the financial services industry, it was especially sobering. Pooling their resources, the industry responded with an initiative designed to step up the financial sector’s cyber resiliency.
“Thinking about what you’d do, as a financial services organization, if you went in and half your server infrastructure was wiped; your backups corrupted. And as a consumer, what happens if your bank account suddenly had a zero balance? Oh, my God — the impact on customers, on the financial institution itself, as well as the public confidence in your institution and the financial services sector in general would be awful,” says Trey Maust, Sheltered Harbor CEO.
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Read More from This Article: Sheltered Harbor ensures cyber resilience for financial services firms
Source: News