New foreign speakers at Banking 4.0 – international fintech conference

Financial sector faced almost three times the cyber attacks as compared to that of the other industries. Data breaches (both internal through fraud and external through cyber criminals) leads to the exponential rise in costs. It has been estimated that cost of implementing and managing the cyber security infrastructure will increase over 40% by 2025.

There is an increase in biometrics and tokenization as banks have begun to recognize that in addition to being a solution for payments these controls are also useful in security the sensitive data.

With digital channels becoming the preference choice of customers for banking services, banks will also need to leverage advanced authentication and access control processes, without any compromise to customer experience.

„It goes without saying that cyber security is at the heart of any business process of digital transformation. At Banking 4.0 we have experts to tell you how to proactively identify operational and security threats, reduce costs, and re-focus resources while meeting business objectives and regulatory requirements.”, says Sergiu Cone, the organizer of Banking 4.0.

Such an expert is Darren Gale, the Senior Director for Vectra’s high growth markets, with over 20 years experience of enterprise cyber security. Darren leads Vectra’s business in the Middle East, Nordic and Eastern European region and brings over 25 years of experience in consultative selling of networking and security solutions.

“As part of the Vectra Networks EMEA leadership team, I have Sales Director responsibility for the high growth and emerging markets for Vectra across Nordics, Eastern Europe, Middle East and North Africa. Here we continue to grow our footprint of customers looking to do both automated and manual threat hunting within their business.

I have written the first business for Vectra into a wide range of territories as diverse as Saudi Arabia, Denmark, Sweden, Norway, Hungary and Croatia, preparing those regions for expansion of the Vectra field organisation. Vectra is growing rapidly and I have recently added sales teams in the Middle East and Nordics to manage our growth.”

Using machine learning and data science Vectra drives automated analysis of network traffic to find evidence of threat actor behaviour. Vectra can identify both automated and targeted threats that have bypassed legacy security technologies.

Darren Gale comes to the International Fintech Conference Banking 4.0, being one of the invited experts in the cyber security panel. The conference is a one-day event, organized on Nov. 27 at Novotel Hotel in Bucharest. The other topics discussed by experts are related to emerging technologies that will change the banking industry in the years to come: Artificial Intelligence, Authentication, Biometrics, Blkockchain, Cloud Computing, Conversational Economics, Instant Payments and Machine Learning.