What is the state of information security in the financial services sector?
Here’s what we learned from our 993 respondents:
- The constantly evolving cyber-threat landscape is driving the increase in security incidents. The marked increase in the number of detected incidents, in our view, is likely driven by the changing cyber-threat landscape. As the digital channel in financial services continues to evolve, cybersecurity has become a business risk, rather than simply a technical risk.
- Regulatory compliance remains the top driver of security spending for financial services respondents. Compared with other industries, financial services respondents prioritize regulatory compliance as a driver for security spending. That’s not surprising in a highly regulated industry, but a security model centered on existing compliance standards will not adequately address today’s evolving security threats.
Download a PDF of Financial services findings
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