In light of recent data breaches, updated whitepaper 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. As the innovator of the physical layer-based asset risk management solution, ensuring customers can see, assess and mitigate the risks of all known and shadow IT assets at any scale, Sepio is responding to the January 5, 2023 report – updated from an earlier whitepaper released on January 5, 2011 – 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. 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.