The Financial Industry’s Answer to Fighting Cyberattacks

In response to customer demands for convenience and 24/7/365 access to their financial accounts, and to operate at the speed necessary to conduct business in the financial services sector, many financial transactions are moving not only online, but into the cloud. This migration may provide convenience and expediency, but it also subjects customers’ and financial institutions’ most sensitive information to a growing number of cyberthreats and attacks.

Cybersecurity threats are growing each year, requiring financial services companies to implement the strictest of security controls while also upgrading their online capabilities to keep existing customers and acquire new ones. This means finding security services that operate in real-time to identify, quarantine, analyze, correlate, and remediate any cyberthreats from their IT environments. For many small- and medium-sized businesses (SMB), this can be a hindrance to doing business and a serious weak spot. Attempting to fill a gap themselves that does not lie within their core capabilities is expensive and potentially dangerous.

Fortunately, there are Security-as-a-Service (SECaaS) companies that allow customers to focus on their core business while SECaaS firms use their expertise to monitor customer IT environments for cyberattacks and threats. This whitepaper details the types of SECaaS solutions available to financial services organizations of all sizes, while providing guidance about what to look for when choosing a vendor.