Events , Finance & Banking , Industry Specific

Building Trust With Robust Security: Future of Fintechs

Razorpay CISO Hilal Lone on Sharing Intelligence, Strategies to Deter Attackers
Hilal Ahmad Lone, CISO, Razorpay

The threat posed by cybercriminals and fraudsters creates shared risks across the financial services industry including fintech companies. In fact, fintech has one of the largest attack surfaces in the industry. But fintech firms can balance rapid innovation with security and work with each other and governments to repel attackers, said Razorpay CISO Hilal Lone.

See Also: What Makes Healthcare a Prime Target for Ransomware?

Razorpay has invested heavily in cybersecurity and works with other fintechs and government agencies in sharing information and techniques. "It's really important for the fintech industry to coordinate with each other and share intelligence when they can, and that's what's happened," Lone said.

Security does not need to be an impediment to the business, he said.

"How we make sure that security does not impede the agility is to make sure it's part of the process and the release cycles that you have," he said. "We want to make sure security is not seen as something that is going to be a blocker, but an enabler. You will see how it makes products much better, stronger and resilient."

In this video interview with Information Security Media Group at RSA Conference 2023, Lone also discusses:

  • Incorporating security by design and privacy by design in the software development life cycle;
  • The impact of the regulatory environment and how to respond;
  • Advice for CISOs on working with IT and the business.

Lone has more than 15 years of experience in cybersecurity. Prior to joining Razorpay, he held several leadership positions and was the CISO of Dream11, one of India's largest gaming platforms.

About the Author

Rahul Neel Mani

Rahul Neel Mani

Founding Director of Grey Head Media and Vice President of Community Engagement and Editorial, ISMG

Neel Mani is responsible for building and nurturing communities in both technology and security domains for various ISMG brands. He has more than 25 years of experience in B2B technology and telecom journalism and has worked in various leadership editorial roles in the past, including incubating and successfully running Grey Head Media for 11 years. Prior to starting Grey Head Media, he worked with 9.9 Media, IDG India and Indian Express.

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