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CBA Appoints New Chief Security Officer

business . 
The Commonwealth Bank of Australia (CBA) has recently experienced a shift in its security leadership, with the departure of former Chief Security Officer Brendan Goode last month. In response to this change, the bank has promoted Nicola Nicol, its Chief Information Security Officer of six months, to the role of Chief Security Officer. This move highlights the importance that CBA places on maintaining strong security measures and ensuring the protection of its customers' data and privacy. The new Chief Security Officer, Nicola Nicol, will be responsible for overseeing a wide range of security functions, including cyber security, fraud prevention, physical security, and business resilience.
 
The establishment of a dedicated Group Security division, which integrates various security domains, further emphasizes CBA's commitment to comprehensive security measures. This division, previously led by Brendan Goode, aims to break down silos and consolidate efforts across different security teams within the bank. With the appointment of Nicola Nicol as the new Chief Security Officer and the ongoing efforts to strengthen security measures, CBA is demonstrating its dedication to safeguarding its customers and staying ahead of evolving security threats. In her LinkedIn profile, Nicola Nicol expressed her commitment to ensuring the security of Commonwealth Bank's customers and collaborating with the Australian security community to safeguard the nation's digital economy. She emphasized that it is an honor to assume the Chief Security Officer role during a time when security concerns are at the forefront of people's minds, particularly regarding the protection of customers' data and finances.
 
CBA's Chief Information Officer Gavin Munroe welcomed Nicola Nicol's promotion, stating that she will be leading a team of over 1000 security experts who are responsible for keeping customers safe and secure year-round. Munroe acknowledged that Nicola's role will be crucial in safeguarding the bank's customers, employees, and operations from emerging security threats, highlighting the importance of her position in maintaining the bank's security posture. With her expertise in security and her dedication to protecting customers, Nicola Nicol is poised to make a significant contribution to CBA's ongoing efforts to ensure the safety and security of its operations. Her appointment as Chief Security Officer reaffirms the bank's commitment to staying vigilant and proactive in addressing security challenges and maintaining the trust of its customers. The recent shift in security leadership at Commonwealth Bank was initially hinted at in February, when the US-based Citizens Financial Group announced that Brendan Goode would be joining their team as Chief Security Officer, effective April 29.
 
Citizens Financial Group's statement highlighted Goode's previous role at CBA as Chief Security Officer, where he was responsible for overseeing the group security organization and integrating various security domains, such as cyber security, fraud prevention, physical security, and business resilience, to address growing threats to the bank and improve customer experience. In a recent LinkedIn post, Goode expressed gratitude to former CBA group CIO Pascal Boillat and group chief risk officer Nigel Williams for offering him the opportunity to establish and evolve the group security organization during his time at the bank. He also thanked current tech chief Gavin Munroe for his guidance, support, and the chance to contribute to the delivery of CBA's technology strategy. As Goode embarks on his new role at Citizens Financial Group, Nicola Nicol steps up to lead CBA's security efforts, ensuring a smooth transition and continued dedication to protecting the bank and its customers from evolving security threats.
 
 
 

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