The Banking Executive Magazine, Issue 154, October 2021

INTRODUCTION This article overviews cybersecurity threats, challenges and solutions in digital banking with focus on cyber- security challenges from the COVID- 19 pandemic, in particular in open banking. Following this overview, the article sheds light on Windows 11 cybersecurity with reference to Microsoft book and guide "Powerful security from chip to cloud". The ar- ticle then addresses the urging ques- tion of whether Windows 11 can meet banks and financial institutions cybersecurity requirements with ref- erence to constructive and deep dis- cussions raised during the Union of Arab Banks First Arab Banking Forum for Cybersecurity held on 7- 9th October 2021 in Sharm el Sheikh, Egypt. The article concludes with recommendation for sound cy- bersecurity programs and strategies for banks and financial institutions. CYBERSECURITY IN DIGITAL BANKING The award winning Enterslice consultancy company identified var- ious threats, challenges, and solu- tions in digital banking. These are overviewed below. With increased digitization, cyberse- curity threats are growing tremen- dously. As the world is being increasingly connected digitally, cy- bersecurity is becoming a major con- cern in digital banking. What is cybersecurity? Cybersecurity is the practice of pro- tecting electronic systems and data from malicious attacks. It is also called Information technology security or electronic information security. Cybersecurity involves tech- nologies and practices designed to protect networks and devices from attack and damage from any unau- thorized access. The primary purpose of Cybersecu- rity in digital banking is to protect the customer’s assets. As people go cash- less, more and more activities or transactions are done online. People the BANKING EXECUTIVE 30 ISSUE 154 OCTOBER 2021 CAN WINDOWS 11 MEET BANKS AND FINANCIAL INSTITUTIONS CYBERSECURITY REQUIREMENTS? BY DR. SOHA MAAD