AFTAs 2021: Best risk management initiative (fraud and cyber analytics)—Morgan Stanley

Cyber attacks on financial institutions have escalated since the onset of the Covid-19 pandemic. As firms shifted to working from home, it provided new opportunities for hackers to target weak spots in their security defenses. 

Compliance professionals and security systems are inundated with huge volumes of data—including risks alerts, phishing emails, and false positives—making it increasingly challenging to monitor their firms’ technology stacks and detect unauthorized login