You’re watching a top moment from the Industry Cloud Battleground Week highlighting the financial services industry. This five-day digital event, which premiered in November 2021, delivered insights to inspire, educate and engage business and technology leaders who are actively defining their industry-specific cloud strategy.
00:09 – Cybersecurity threats are on the rise. With the acceleration of digital transformation, cybercriminals have increased the sophistication of their techniques, making it more challenging to identify threats.
00:27 – Microsoft prioritizes cybersecurity to not only protect the company itself but to protect its customers. Investing more than a billion dollars annually in cybersecurity, Microsoft constantly innovates to embed cybersecurity across its core platforms.
01:01 – For example, the company invests in confidential computing to isolate customer-sensitive data while it’s being processed in the cloud.
01:33 – With banks, customers also have to protect internal assets as well as their customers from cyber-attacks, such as preventing account takeovers when customers use digital channels to interact with the banks.
01:47 – Microsoft has industry-specific solutions to protect against various types of cyber criminality, including anti-money laundering or fraud.
02:15 – There is a need for collaboration across financial institutions with solution and technology providers to ensure cybersecurity in the industry.