Western Alliance Bancorporation also made a major announcement regarding an important Western Alliance CISO hire. Stephen McMaster will be the Chief Information Security Officer. This Western Alliance CISO hire will enhance the overall information security and risk management posture of the bank. He will be responsible for information security strategies related to the bank’s and its digital products’ operations. Hence, Stephen will be specifically concerned about the safety of client information and crucial infrastructure. He has more than 25 years of experience regarding information and cyber-security. Stephen had important positions related to information and cyber-security in major Banks.
“Steve impressed us with his disciplined approach to risk management. His ability to guide large, complex security organizations. His strong understanding of the regulatory expectations facing large financial institutions,” said Western Alliance President & Chief Executive Officer Ken Vecchione. “From building strong teams to strengthening resilience. He is well positioned to oversee our information security posture as Western Alliance continues to evolve its operating model & capabilities.”
Strengthening Security Governance and Cyber Resilience
As a result, he brings extensive experience in dealing with cyber-related risks in a complex banking setup. In this new appointment, McMaster will be responsible for directing threat detection and response, and security governance campaigns. In addition, there will be collaborative efforts between him and technology and business leadership teams. This will ensure that security programs are in line with innovation and regulatory needs. This CISO appointment at Western Alliance Bank highlights the financial institution’s proactive approach to addressing evolving and complex cybersecurity threats effectively. More importantly, this appointment demonstrates continued focus on secure digital banking services by Western Alliance Bank. The appointment meets ongoing demands in regulatory settings in the financial services industry.
For related updates on digital trust and cybersecurity, explore our SOC News.
Source: Businesswire
