She recounted participating in a number of internships in financial services while she was still in university which offered her a “practical understanding” of what the industry looks like.
However, during the pandemic, she made the decision to explore other options, specifically looking into a career in cyber to pursue a long held interest.
Despite this career shift, Scavetta still works very closely with the industry, as she explained: “If we're talking about cybersecurity, I see banking and financial services as part of the backbone of the world at large.”
She warned how important cyber was for protecting financial services as: “In terms cybersecurity attacks or attacks on critical infrastructure, banking is one of the biggest threats in the world right now.”
Industry concerns
Scavetta identified a vulnerability to cyber attacks as a particular area of concern for financial services.
She explained the constant emergence of new technologies is currently outpacing legislation and policy, thereby presenting a “huge amount of risk”.
“We are becoming a technologically enabled generation, a technologically enabled society, but not a technologically educated one,” she stated.
This presents a huge danger as, while full time cyber professionals may be aware of the latest technological scam, “a lot of the traditional advice that we’ve learned around cyber is now outdated”.
For advisory firms to be protected against this ever-continuing evolution of technology, Scavetta suggested remaining educated and up-to-date on all the latest threats, pointing to resources such as cyber newsletters to remain aware.
Additionally, she advised “keeping your ear to the ground” within client bases and peers as they will all have different cyber experiences and will have seen different scams and attacks on their accounts.
“This is one of the easiest ways to stay on the pulse as we’re social creatures,” she added.
tom.dunstan@ft.com
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