the Finance and Insurance Industry
Cybersecurity for the Finance and the Insurance Industry
Financial institutions are facing increasingly complex challenges to secure their valuable data from cyber attacks. These organizations hold a large volume of critical customer information, banking records and stock trading algorithms which makes them a primary target for modern cybercriminals. From web applications becoming more complicated – to mobile apps/websites constantly changing to replace legacy systems and offering a wider range of features – to online transactions becoming much more prevalent, the need to test your cybersecurity measures has become a necessity to mitigate the risks of a cyber attack.
According to a White Paper published last year by The Identity Theft Resource Center, “75% of surveyed financial organizations said they did not have a formal cybersecurity incident response plan across their organization” – Which leaves them exposed to a damaging breach that can potentially spread across all systems and cause irreversible damage to both their reputation and infrastructure.
Questions to assess your cybersecurity
Cybersecurity challenges faced by the finance and insurance industry.
Compliance to Regulatory Requirements
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