Afternoon Thoughts

 

Infosec is to Fintech what HSE is to Oil and Gas.

#AfternoonThoughts 

 

Just like OIl and Gas depends on security to keep its engines running, Fintech depends on Info security. One incident, and everything comes tumbling down and grinds to a halt. Coverup is a short term solution and perhaps the instinctive reaction, but as the oil and gas industry will tell you, its a poor strategy, and what's worse, doesn't work. 

The only good thing to do is to approach infosec like the Oil and Gas Industry approaches HSE - have transparent standards, invest in a clear security policy and ensure that every member of team is educated and compliant. Report transparently and periodically. Most importantly, learn from EVERY mistake. Each one of those recovered mistakes is going to save you from a larger disaster, and make no mistake, there will be larger incidents. Oh, and don't forget the Incident Management System.