Sponsored by BIO-key International, Netacea, Obsidian Security, Octree Limited, and Virsec
Published March 2022
Executive Summary
The financial services industry is under cyberattack with threat vectors including data breaches, advanced attacks that bypass security protections, and misconfigured cloud services. Regulators across the world demand a higher standard of performance from financial firms, as do customers who require safe access to their funds in an increasingly mobile and app-driven world. The industry will remain a key target for threat actors due to money and identities being on offer, along with opportunities for financial sabotage to cripple a country. Financial services organizations must revisit the efficacy of current cybersecurity protections, invest in new solutions to address emerging threats, and build a strong security posture by following best practices.
The term “financial services organization” covers a wide range of organizations including banks (central, retail, commercial, and internet), credit unions, investment banks, insurance companies, and brokerage firms.
