Reducing Risk in Financial Services

Ross Pounds

Providing Enhanced Security Infrastructure for Confidential Information Exchanges

For financial services firms, proper risk oversight is a necessity, and with the new reliance on technology, there needs to be an understanding of the steps to take in order to reduce risk.

Research from security firm Bitglass shows that despite the fact that financial services firms are the victim of only 7% of all reported data breaches, these attacks are responsible for the loss of 62% of their records.

To combat the substantial risks associated with data loss, financial services leaders need to prepare in four key areas:
    1. Cyber-attacks
    2. Communication tools
    3. Time-elapsed
    4. Insider threats
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