Consumers are rapidly adopting mobile payments and are expecting banks and financial services firms to ensure their security. As a result, financial services organizations must increase their ability to leverage security features deployed across distributed environments to keep pace with modern, automated cyberattacks.
Perhaps the most neglected element of security is simply network and device hygiene. While new, innovative threats continue to pop up on almost daily, our latest Global Threat Landscape Report reveals that long known and yet still unpatched vulnerabilities continue to serve as the primary gateway for attacks, with organizations reporting an average of 274 attacks per firm – a 82% increase over the previous quarter. This alarming trend emphasizes that while remaining vigilant for new threats and vulnerabilities in the wild is critical, organizations also need to stay focused on what is happening within their own environment.
Even if the enterprise security team has a handle on its individual clouds, multiple secure clouds are not the same thing as a secure multi-cloud. This requires a single secure enterprise network that spans the data center (physical or software defined) and all the private and public clouds to which an organization subscribes.
Learn about the keynote sessions being delivered at Fortinet’s Accelerate conference, and the key takeaways for IT professionals across verticals.
The use of Shadow IT is increasing thanks to SaaS. Learn the risks that shadow IT poses to financial services firms, and how to mitigate them.
Distributed denial-of-service (DDoS) attacks are becoming increasingly common across the financial services industry. DDoS attacks occur when a portion of the network is targeted, typically at the networking, transport, or application layer, with a flood of requests that overwhelm network bandwidth, causing it to slow or crash completely.
At the end of the day, complying with GDPR may very well simply turn out to be the right thing to do to protect the privacy and interests of all of an organization’s stakeholder communities. As a society, we simply can’t go on shrugging off data breaches that harm millions of people, often on multiple occasions in their lifetime.
With industry-specific compliance requirements driving security spending and deployment, it’s natural to assume that best practices for securing access to sensitive data are different from vertical to vertical. However, that assumption may be changing.