StanChart hires new cybersecurity chief from Symantec

Passersby walk in front of the main branch of Standard Chartered in Hong Kong, in this January 8, 2015 file photo. REUTERS/Bobby Yip

LONDON: Standard Chartered has hired former Symantec Corp executive Cheri McGuire to be its new chief information security officer, the bank said, as lenders globally step up efforts to combat threats to cybersecurity. 

McGuire will be responsible for the bank's information and cyber security governance, and will report to the group's chief information officer Michael Gorriz. 

Global regulators in March proposed stricter rules on how banks calculate the amount of capital they need to cover risks to operations from cyberattacks amid mounting concerns about banks' vulnerability to hacking. 

Hackers earlier this year rattled the banking industry by stealing US$81mil (RM327.60mil) from a Bangladesh central bank account at the Federal Reserve Bank of New York, in a theft that targeted the SWIFT global money transfer system. 

McGuire joins from Mountain View, California-based cybersecurity firm Symantec, best known for its Norton antivirus software. She replaces the bank's interim head of information security Andy Wicks. — Reuters

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Tech News

Poland's CD Projekt works on game outside The Witcher and Cyberpunk franchises
Musk plans to go ahead with original price of $54.20 a share for Twitter- Bloomberg
Gopuff partners with Grubhub for grocery delivery
Amazon faces fines of up to $200,000 in Russia over banned content -agencies
Meta pushes Reels monetization with new ad formats
France's Atos to complete split by mid-2023 'at the earliest'
Semiconductor shares jump after EU introduces single charging port
White House guidelines for AI aim to mitigate harm
Envision sees cost of electric cars at parity by 2025/26
Court backs Twitter over complaint from conspiracy-plagued Dutch town

Others Also Read