CyberSecurity - From Big Army to Smart Army
Banking Frontiers|January 2022
As work expands to use all available space, security threats too expand. Nilesh Gupta, Global Practice Head - Cloud Services at 3i Infotech, reveals how banks can leverage new thinking and new technologies to safeguard themselves:
Nilesh Gupta
CyberSecurity - From Big Army to Smart Army

Ever since covid arrived on the scene and disrupted well established norms, disruption has become the new normal. Many organizations closed offices and had employees work from home. WFH has been recognized as the topmost new word of the year 2020.

Out of the comfort zone of their offices, employees had to start using several new tools and new techniques to continue creating value for their organizations and their customers. Organizations moved quickly to provide new tools such as video conferencing, VPN, etc. Beyond that, employees picked up those tools that were readily available for free such as converting pdf to text or designing a logo or modifying a picture or transferring huge files. And of course, banking specific tools such as forex converters, product comparators, public reviews, new apps, etc. Once people started using such tools and seeing a variety of benefits, including savings in time and effort, there was no stopping them. Since most of such tools are hosted in the cloud, it would surely be correct to say that one part of WFH became Work from Cloud (WFC). WFC may not yet be popular jargon, but it is the new normal for sure.

ACCELERATING INNOVATION

When both employees and their organizations are aligned with the idea of WFC as the preferred environment, a whole lot of things begin to change. The first and foremost is that employees become more innovative. As they explore a variety of offerings in the cloud, they begin to see existing things in new ways. They come up with new product ideas, new product enhancements, new ways to improve CX, new ways to improve the customer journey, new ways to cut costs and much more. All the dream capabilities that an organization wanted in its employees start flowering when employees are exposed to a wide variety of new ideas.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BANKING FRONTIERSView all
It's a bank and a brokerage - FinecoBank
Banking Frontiers

It's a bank and a brokerage - FinecoBank

FinecoBank of Italy is a highly tech-enabled bank that is a combination of a bank and a brokerage:

time-read
3 mins  |
November 2024
A model for cloud adoption - Zurich Cantonal Bank
Banking Frontiers

A model for cloud adoption - Zurich Cantonal Bank

The bank is had opted for cloud to offer better service to its customers:

time-read
3 mins  |
November 2024
RBI Governor urges NBFCs to adhere to fair practices code
Banking Frontiers

RBI Governor urges NBFCs to adhere to fair practices code

The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.

time-read
1 min  |
November 2024
Automated, Adaptive, Al-enabled Architecture is a must
Banking Frontiers

Automated, Adaptive, Al-enabled Architecture is a must

Security heads from 2 BFSI companies reveal the key cyberfrauds and strategies to combat them:

time-read
4 mins  |
November 2024
Fraudsters too gain ground as real-time payment systems grow
Banking Frontiers

Fraudsters too gain ground as real-time payment systems grow

There is a need for the technologies behind the real-time payment systems to gain a march over the methods of fraudsters:

time-read
5 mins  |
November 2024
Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze
Banking Frontiers

Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze

Even as AI is finding its place in the cyber security domain, an entirely new frontier of ethical challenges awaits.

time-read
3 mins  |
November 2024
Bangladesh Finance: 25% faster customer service; 15% higher customer retention
Banking Frontiers

Bangladesh Finance: 25% faster customer service; 15% higher customer retention

Bangladesh Finance, established in 1999, is a leading financial institution in Bangladesh.

time-read
5 mins  |
November 2024
Fino sparkles with technology & brand upshift
Banking Frontiers

Fino sparkles with technology & brand upshift

Fino Payments Bank started operations in June 2017, providing banking services to mass market customers, who are largely rural-based.

time-read
4 mins  |
November 2024
Savington Upshifts: 48% Faster, Churn down 31%
Banking Frontiers

Savington Upshifts: 48% Faster, Churn down 31%

Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.

time-read
4 mins  |
November 2024
Zoroastrian Bank: Multiple awards for being the Best
Banking Frontiers

Zoroastrian Bank: Multiple awards for being the Best

Established in 1927 by Sir Hormusjee Cowasjee Dinshaw Adenwalla, Zoroastrian Bank is a prominent urban cooperative bank headquartered in Mumbai, India.

time-read
7 mins  |
November 2024