Financial Services
Cutting-edge cyber security platform designed to address the unique challenges & evolving threats faced by Financial Services Sector
%
Financial institutions experienced a cyberattack in past year.
%
Financial Services accounts for 22 percent of all data breaches.
%
Ransomware attacks on financial services on the past year.
Challenges in the Financial Services industry
The financial services industry, entrusted with safeguarding sensitive financial data and facilitating secure transactions, faces a unique and ever-evolving landscape of cybersecurity challenges.
Increasing Attack Surface
Financial institutions operate within a complex ecosystem, collaborating with partners and third-party applications to extend services, increasing vulnerability to cyber threats like ransomware and phishing scams.: Open banking initiatives, allowing third-party applications to access customer financial data with consent, introduce new security considerations.
Remote Workforce & Cloud Adoption
The shift towards remote workforces & the increasing use of cloud-based applications introduce emerging security challenges. Traditional security measures designed for on-premises networks may not adequately protect data accessed remotely or stored in the cloud.
Evolving Regulatory Landscape
Financial institutions must comply with a growing web of regulations like PCI DSS (Payment Card Industry Data Security Standard) and GDPR (General Data Protection Regulation). These regulations mandate robust data security measures, requiring continuous adaptation and investment in security solutions.
Trends in the Financial Services industry
The financial services sector is always evolving, and so are cyber attackers. Here are some important trends influencing the cybersecurity landscape for financial organizations.
Evolving Use of Artificial Intelligence (AI) and Machine Learning (ML) in Financial services for threat detection, anomaly analysis, and fraud prevention, while cybercriminals may use them to automate attacks and evade detection.
As per Data privacy regulations , it is crucial for financial institutions to focus on data privacy and give users more control over their financial information. This involves providing transparent data privacy policies and tools for controlling data access and permissions.
Cybersecurity Mesh Architecture: This emerging concept proposes a distributed security architecture with interconnected security services deployed at various points in the network. It offers greater flexibility, scalability, and adaptability to the dynamic security needs of financial institutions.
Features
Integrated & Enhanced Security
Integrates ZTNA, SWG & MFA, adding an extra layer of security by requiring additional verification factors beyond usernames and passwords. This significantly reduces the risk of unauthorized access attempts.
Enhanced Device Trust
Enforce device security policies on employee laptops and mobile devices used for accessing financial data and applications. This ensures devices meet minimum security standards before granting access to sensitive information.
Streamlined Auditing & Reporting
Generates comprehensive audit logs that track user activity, access attempts, and security events. This simplifies compliance reporting demonstrations and facilitates security investigations in case of incidents.
Centralized Management & Visibility
Offers a unified platform to oversee security policies throughout the full network, covering remote access, cloud apps, on prem and data centers.
Unified SASE Security for a Secure Financial Future
Improved Customer/User Experience
A frictionless and secure experience fosters a more positive work environment., reduce VPN - related help desk tickets, boost user productivity, and cut IT support while ensuring fast and reliable access to SaaS applications and data through cloud-based security and networking in our Solutions.
Mitigate risk and ensure compliance
Minimizes the potential attack surface by continuously verifying every user and device attempting to access IT/ITES resources, regardless of location or network origin. Ensures compliance with data privacy regulations through granular access control and detailed audit trails.
Secure Zero Trust Data Access
Ensure strict authentication for all users and devices accessing financial data irrespective of location. This limits breaches, acting as a secure gateway to your financial assets for verified individuals.
Simplify IT and Reduce costs
Consolidate multiple security point solutions, streamlining management overhead and potentially leading to cost savings. It's like merging multiple security guards into a single, efficient team.
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