How to Motivate FinServ to Take Action on Cybersecurity
PYMNTS
Bart McDonough, CEO and founder of Agio, explains that financial institutions’ gradual shift to cloud and SaaS can quietly expand their cyberattack surface, leaving them unaware of where critical access points and data leaks exist until damage occurs. He highlights shadow IT, weak access controls, and the evolving ransomware model as major risks, emphasizing that organizations often understand best practices but fail to act until after a breach forces change.