Lack of qualified staff leads to higher cybersecurity risk
The announcement that some 500 Microsoft Exchange servers “need immediate attention”, issued by Luxembourg’s cybersecurity agencies last week, has been echoed by financial regulator the CSSF. A noted international cybersecurity expert linked this to the difficulty in finding top cybersecurity talents in Luxembourg. “The struggle that people in Luxembourg have, certainly clients that we’re talking to, that want to work with us, but don’t yet, is that they can’t find the skill sets,” said George Ralph (photo) of Richard Fleishmann and Associates.
Fund administrators confront cybersecurity
Some businesses were driven to quickly put systems in place as the pandemic drove a sudden move to remote working. This has however meant that despite most businesses having a cybersecurity strategy in place, they haven’t had the time to understand everything that these new technologies can do, according to George Ralph, global managing director at RFA, a cybersecurity provider to the financial services sector.