Cloud adoption requires highest standards of cybersecurity: Khalid Waheed

Cloud adoption requires highest standards of cybersecurity: Khalid Waheed

Khalid Waheed, Chief Information Security Officer at Al Baraka Islamic Bank, affirmed that the transformation of more financial and banking institutions into cloud computing requires the application of the best cybersecurity standards. This was stated during Mr. Waheed’s participation as a key speaker at the “Zero Trust Security – Always Verify” Forum, held by NGN International, a full-fledged systems integrator and Managed Security Service Provider based in Bahrain. The forum was a part of the “NGN Majlis”‘ efforts to enhance awareness of cyber security amongst Bahraini institutions and individuals. “Digitalization is driving the banking industry, and this calls for a constant review of cybersecurity strategies, especially at a time when cyber threats and risks rise, as well as employees who work from home and may cause security gaps.” According to Mr. Waheed. Mr. Waheed noted the sharp rise in online banking brings risks since many of the customers are new to digital banking and are more prone to online fraud or phishing attacks. Adding that these challenges illustrate the importance of “Zero Trust Security”, which is a strategic approach to cybersecurity that secures an organization by eliminating implicit trust and continuously validating every stage of digital interaction. “Zero Trust security