Steve Sparkes named Executive Vice President and Chief Information Security Officer at Scotiabank

CSO Online reported that Scotiabank appointed Steve Sparkes as executive vice president and Chief Information Security Officer for enterprise platforms. Sparkes had joined Scotiabank in 2021 as CISO and senior vice president for information security and control.

CSO Online reports that Sparkes's responsibilities cover IT and cyber-risk strategies, systems and procedures, along with developing enterprise infrastructure.

CSO Online says Sparkes has held leadership roles for more than 30 years across cybersecurity, application development, technology infrastructure, and IT and operational risk. CSO Online reports that at Bank of America, Sparkes served as head of cybersecurity technology and as a managing director. CSO Online says that as a managing director at Morgan Stanley, he headed the technology and data philanthropy committee and served as CIO of technology and information risk and as CTO for investment banking.

Scotiabank says it launched a redesigned Hub to help Canadians identify cybercrime and protect themselves from it. The bank says its Hub was the first of its kind in Canada to include simulations. In those simulations, users can review websites and email and text message exchanges and listen to voicemail examples to judge their authenticity, the bank says.

According to Scotiabank, it had assets of approximately $1.3 trillion and a team of over 90,000 employees as at July 31, 2022. Scotiabank says it trades on the New York Stock Exchange and the Toronto Stock Exchange. Scotiabank says its services include wealth management and private banking, capital markets, corporate and investment banking, and personal and commercial banking.