Thursday, September 27, 2018

Cyber Security to play major role in strategy at Nations Trust Bank

Nisala Kodippili – Chief Information Officer at Nations Trust Bank

Information and cyber security are critical for businesses today, especially those that rely heavily on digital infrastructure such as Nations Trust Bank, with its comprehensive digital banking services. This need for cyber security awareness and readiness drove the senior management of Nations Trust Bank to go a step further and engage in a Game of Threats, a proprietary cyber security strategy training programme for business leaders, provided by the international giant, PWC (Price Waterhouse Coopers).

Speaking about the cyber security training, Nishan Mendis Executive Director Consulting Technology at PWC Sri Lanka said, ‘Game of Threats is a digital game that is designed to simulate the speed and complexity of an actual cyber breach. This is the first time that a bank or financial institution in Sri Lanka has taken such a comprehensive measure to ensure readiness to meet any cyber security threat, at such a high level.Our solution integrates elements of gamification and game theory to provide an interactive experience where client teams play both offense and defence. The game environment creates a realistic experience where both sides are required to make quick, high impact decisions with minimal information.’

Information security is a key focus area for Nations Trust Bank. The organization is ISO 27001 certified and maintains world class standards in terms of information security, conducting security audits multiple times each year. The Bank also allocates vast resources annually to upgrade systems and to work with companies of global repute such as PWC to ensure the strength and integrity of its information and data systems.

Nisala Kodippili – Chief Information Officer at Nations Trust Bank elaborated further saying, ‘We rely heavily on digital banking; in fact over 50% of retail traffic now comes in via our digital channels. Therefore, cyber security is extremely important to us. Over the last few decades, cyber security has moved from being something only technical teams deal with to something that is also dealt with at the boardroom level."

‘This is the third time we are conducting cyber security trainings at the senior management level but this is the first time we have used simulations and gamification. Normally, we conduct classroom sessions as part of our cyber security training protocol but classroom sessions can never provide real world like experience and when it comes to the serious cyber security issues that we can face at any time, it’s essential that the Senior Management has hands on real-world training."

‘That’s why we decided to engage the services of PWC to use their proprietary Game of Threats cyber security training solution for business leaders. Game of Threats™ is a turn based digital game that lets players understand cyber security risks and strategies through real-time simulations."

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