In the new episode of DTCC’s Insights podcast, Jason Harrell, DTCC Managing Director of Operational and Technology Risk, Yonesy Núñez, DTCC Chief Information Security Officer and Bob Moncini, DTCC Chief Cyber Security Officer, discuss the recent CrowdStrike outage and its implications for the financial services sector.
The conversation highlighted how interconnected technology is in our daily lives. Jason, Yonesy, and Bob also discussed vendor management and how that will evolve in the aftermath of the outage.
Related: A Look at FinServ's Cyber Struggles
Three Key Takeaways
- Resilience is Key: Ensuring that robust resilience capabilities are in place is crucial for responding to unexpected incidents.
- Collaboration and Transparency: Firms must maintain open communication and collaboration with vendors while ensuring their vetting procedures are sound and are happening at scale.
- Reevaluating Critical Vendors: The industry needs to consider whether it’s time to redefine what a “critical vendor” is.
Stay Tuned
This is the first in a three-episode series that will also discuss preparing for the Digital Operational Resilience Act (DORA) and why Continuous Threat Exposure Management (CTEM) is an essential mindset for cybersecurity professionals—now more than ever.