Security Operations for Financial Institutions
The frequency and sophistication of cyberattacks continues to rise, causing financial institutions to take decisive action to protect their organization and customers.
The problem? Most financial service's IT and security teams are stretched thin, and often lack the ability to maintain compliance in the wake of mounting attacks and a wide-scale cybersecurity skills shortage.
The Security Challenge for Financial Institutions
Banks, credit unions, and other financial services organizations are the ultimate prize for hackers and cybercriminals seeking monetary gain. IT and security teams can combat threats by addressing these common obstacles:
Lack of Visibility
IT teams must monitor and defend a patchwork of siloed systems, each with their own unique set of vulnerabilities and reporting capabilities.
Compliance and Reporting Obligations
Financial services firms face mounting cybersecurity regulations, including national legislation like the Sarbanes Oxley act and the Gramm-Leach Bliley Act, and state-specific laws like New York’s 23 NYCRR Part 500.
Too Much Noise
Overburdened IT and Security teams often have difficulty distilling thousands of alerts from multiple security management and monitoring systems into actionable information to mitigate threats.
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