Page 164 - Cyber Defense eMagazine October 2023

parties – clearly demonstrating that while a more interconnected payments landscape may have certain
upsides, it comes with significant cybersecurity downsides.

Closing thoughts

As we hurdle towards Q4, financial services tech disruption shows no signs of slowing down. With more
and more money moving across the internet at increasing speeds and through varied infrastructures —
and soon Web3 — security leaders have more fronts to defend, more regulations to comply with, and
more brand reputation risks on their plates than ever before. And these issues will only continue to grow
as digital payments become more ubiquitous and offerings like digital lending and securities trading
proliferate. This presents significant challenges for payments stakeholders to contend with and is why
payments is likely to become one of the most talked about sectors in the cybersecurity world in the years
ahead.

About the Author

Norman Comstock serves as a senior leader for UHY Consulting’s Technology,
Risk & Compliance group focusing on Cybersecurity Solutions. Additionally, he
leads the Enterprise Performance Management (EPM) practice as part of the
Software Solutions group. In this role, he leads a team of solution consultants
that help organizations evaluate and utilize the Planful (formerly Host Analytics),
Workiva, and Dell Boomi solutions. Norman has more than twenty-five years of
experience providing strategic consulting services. Norman can be reached
online at https://uhy-us.com/professional/norman-comstock.

Luke Nelson is a Managing Director for UHY Consulting focusing on Cybersecurity
Solutions and Technology Risk services. Luke is responsible for providing all
aspects of Cyber, Security, and Risk programs inclusive of leveraging new
technological advancements, such as artificial intelligence (AI), cloud-based
scalability, and advanced mathematical techniques along with optimized
visualizations to deliver enhanced decision-making capabilities. Luke can be
reached online at https://uhy-us.com/professional/luke-nelson.

Cyber Defense eMagazine – October 2023 Edition 164
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