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Luiz Zorzella shares measures on how to mitigate security breaches through cyber attacks during this crisis. 

The estimated impact of the Coronavirus Crisis continues to be revised up.

Over the past couple of weeks, sequestered trying to minimize the number of fatalities, we have seen economic forecasts being revised, every time painting a more dire scenario.

Goldman Sachs and Morgan Stanley, for example, are forecasting a 24-30% drop for US’ GDP on Q2 and a jump in unemployment to double digits and a Global contraction this year.

The banks have responded. We have seen initiatives from “payment holidays” to suspension of repossessions, to waiving of late fees.

These actions are praiseworthy – especially considering how often banks are seen as slow to respond.

Areas explored in this article include:

• Vigilance on cyber security, risk & compliance
• Repricing your risk
• Supporting your customers and stakeholders
• Reviewing your strategy

Read the full article, Crisis? Prepare Your Bank for Battle, on the Amquant website.