In light of recent data breaches, the updated Financial Services Sector Report highlights the need for financial services companies to beef up their cybersecurity efforts to protect organizational operations and reputations and retain customers.
An updated report by the Congressional Research Service bolsters Sepio’s position that the financial services market is at especially grave risk for cyber attacks (Introduction to Financial Services: Financial Cybersecurity – pdf).
Sepio is responding to the January 5, 2023 report by emphasizing how important it is for financial organizations to achieve complete asset visibility. To secure all assets on a network and achieve regulatory compliance.
Sepio’s Asset Risk Management Platform, is ensuring customers can see, assess and mitigate the risks of all known and shadow IT assets at any scale. Asset visibility is an incredibly vital component of cybersecurity. The number of devices on networks has grown exponentially in the digital era and will continue to do so in the coming years introducing more threats to organizations.
Sepio’s internal research predicts an increase of 39% in assets with a high-risk factor next year alone.
The financial services sector faces significant cybersecurity challenges. And it’s crucial for organizations to take proactive steps to protect their operations, reputation, and customer trust. Achieving complete asset visibility, complying with regulations, and investing in robust cybersecurity solutions are essential components of a comprehensive cybersecurity strategy in this sector.