Ms. Ilakiya Ulaganathan

Strategic Risk Management in Secure Digital Transformation: Bridging Cybersecurity and Compliance in the Financial Sector

Abstract:

This study investigates the intersection of cybersecurity, compliance, and strategic risk management in the financial sector's digital transformation. As financial institutions embrace digital innovation, they encounter complex risks stemming from evolving cyber threats, regulatory pressures, and legacy system vulnerabilities. The research employs a multi-dimensional approach, combining qualitative and quantitative data from case studies, expert interviews, and industry surveys. Key findings highlight that integrated risk management frameworks significantly enhance security, reduce regulatory penalties, and improve organizational resilience. The study emphasizes the importance of technologies such as zero-trust architectures, AI-driven security tools, and automated compliance systems. Furthermore, leadership commitment, cross-functional collaboration, and continuous learning emerge as critical success factors. The research contributes a comprehensive framework that guides financial institutions in securely navigating digital transformation while ensuring regulatory adherence and operational stability, offering actionable recommendations and identifying future research directions amidst emerging technological and regulatory landscapes.

Profile:

Ilakiya Ulaganathan is a highly accomplished Cyber Security and Risk Management professional with over 15 years of progressive experience in Information Technology and Information Security. Currently serving as Vice President at JPMorgan Chase, she leads regional security initiatives, regulatory compliance efforts, and enterprise-level risk assessments across cloud and application environments. Her expertise encompasses secure SDLC integration, control testing (ARA/ACA), privileged access management, and data-driven risk reporting using tools such as QlikView and Tableau. Ilakiya holds a distinguished set of industry certifications, including CISSP, CCSP, and AWS Security Specialty, and has consistently been recognized for her leadership and performance excellence through multiple organizational awards. With a strong foundation in software engineering and a strategic approach to cybersecurity, she effectively bridges the gap between technical execution and business risk, driving secure innovation in complex enterprise environments.