Northern Trust Upgrades Cybersecurity Protocals

Custodial Bank Norther Trust has upgraded their cybersecurity protocols as they try to better protect themselves against a growing cyber threat; the bank hired a new global head of data privacy and are considering additional safeguards with employees; the company is looking to restrict all external emails except for employees who work with clients or other third parties; this move would essentially cut off thousands of employees from email when they are not at work; the company is aiming to protect themselves from client-data theft, data loss, and payment fraud; Northern Trust is not the only bank looking at drastic measures to better protect assets and data, there is a trend among Wall Street firms to take whatever precautions they can as cyber threats get worse. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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