Brooks weighs in on this timely Financial Times article on Banks needing to pay board level attention to cyber security.
Brooks Gibbins founded the Fintech Collective to help major financial companies including BNY Mellon, MasterCard and the insurance company Transamerica to invest in financial technology start-ups, writes Hannah Kuchler. He is searching for cyber security companies in which to invest, having studied “a couple of dozen” so far this year. “It is a key part of our thesis and increasingly it is becoming a topic of conversation for these firms, not just in technology teams and working groups but actually at the board level.” While larger companies may be able to hoard security professionals, slightly smaller ones may need even more technology to help them survive with fewer of these highly skilled staff. “The next challenge in financial services is the medium-sized firm. It faces the same problems but deals with infrastructure, which could be handling in the 10s to 100s of billions of dollars but have maybe a handful of technical staff,” he said.