Innovative Measures in the Financial Sector [Video]

In the rapidly evolving digital age, financial institutions are under unprecedented pressure to protect sensitive information from cyber threats. Akshay Sekar Chandrasekaran explores the crucial innovations transforming cybersecurity in the finance industry, focusing on the cutting-edge strategies designed to protect both customer and financial data. Drawing from his leading critical role at Intuit where he led the development of Intuit Assist among other things Akshay delves into advanced security practices that are reshaping the landscape of financial cybersecurity.

Prioritizing Secure Coding Practices

A key innovation in financial cybersecurity is adopting secure coding practices to address vulnerabilities early in development. Financial institutions use static and dynamic security testing tools to detect issues like SQL injection and cross-site scripting. Following frameworks like the OWASP Top Ten helps mitigate risks related to data exposure and authentication. These practices are integrated into continuous development pipelines, ensuring security is prioritized from code creation to deployment, safeguarding sensitive data throughout.

Advanced Encryption and Communication Protocols

…