CBA faces heat over cyber security cuts and confirms outsourcing plans - AFR - 27th Sep 2017
Commonwealth Bank of Australia has admitted it is culling the number of technology partners it works with as part of a cost cutting drive that has some industry observers concerned it is stepping back from its previous leadership position on cyber security.
CBA has been the subject of ongoing rumours in IT circles that it is taking the knife to its celebrated technology operations, and chief information officer David Whiteing confirmed to The Australian Financial Review that changes were under way, including some cyber security work going offshore.
However, Mr Whiteing rejected suggestions that any of the changes would compromise the quality of work or the bank's resilience, and insisted that the bank had not retreated from the national cyber security arena since the departure through ill health of its well respected chief information security officer, Ben Heyes, last year.
"The reality is this is a very competitive space and we have a global perspective around talent," Mr Whiteing said.
About The Advisor
James Turner is an IBRS emeritus Advisor who specialised in cyber security and risk and facilitates the CIO Cyber and Risk Network on behalf of IBRS. James has over a decade of experience as an industry analyst and advisor; researching the cyber security industry in Australia. As an IBRS Advisor, James authored over 100 IBRS Advisory papers, led dozens of executive roundtables, and presented at numerous conferences.