Technological risks are becoming more prominent—and more dangerous. Six principles can guide banks as they manage them.
Technology is synonymous with the modern bank. From the algorithms used in proprietary trading strategies to the mobile applications customers use to deposit checks and pay bills, it supports and enhances every move banks and their customers make.
While banks have greatly benefited from the software and systems that power their work, they have also become more susceptible to the concomitant risks.
