This document is a summary, conclusions and highlights of the international meeting that took place online on March 27, 2023 on the platform of the Information Security Institute (ISI). The event addressed some of the most pressing issues that relate to security and key vulnerabilities in the financial sector.
The International scientific and practical roundtable “A New Security Paradigm for Financial Institutions” has established the essential prerequisites for fostering a productive expert dialogue aimed at addressing the prevailing challenges in the security industry. Furthermore, the timing of the roundtable coincided with two remarkable events in the financial sector. The unforeseen financial collapses of the American Silicon Valley Bank and Swiss Credit Suisse served as an additional indicator of the turbulent state in which the international financial market currently finds itself. Once again, it has become evident to everyone that in today’s landscape, no entities are immune, and the human factor can still exert a catastrophic influence on the destiny of diverse business establishments. A succession of errors committed by personnel at the strategic and tactical management levels can potentially lead towards ruin not only medium and small-scale participants but also formidable giants within the banking sector like Silicon Valley Bank and Credit Suisse.
