How Insignia Financial Tackles Emerging Threats and Open-Source Risks

In this community interview, James Ng, GM Cyber Security (CISO) at Insignia Financial, an ASX 200 financial services organisation discusses how cyber security has become a top priority for Australian organisations in light of increased attacks. He explains that company boards and CEOs are more aware of cyber security risks, with Insignia taking a top-down approach to cyber security. James’ mandate was to build a cyber security operating model by aligning Insignia’s corporate and security strategies and applying the NIST framework to assess gaps in talent and maturity levels. This approach creates a business case that secures executive and board approval.

James highlights specific areas where Insignia focuses on improving security, particularly third-party security governance and identity and access management. These gaps stem from Insignia’s amalgamation of several different businesses, which led to inconsistencies in security processes. Additionally, he points out the importance of educating staff on emerging threats like…