In the financial services industry, many aspects of data security and privacy involve risks—of cyberattacks, lost productivity and brand reputation, and many types of recovery costs, to mention a few.

Netify have listed 10 Questions for Financial Services organizations which IT decision makers must answer and the requirements vendors must meet.

The financial services sector has been in the eye of the cybersecurity storm for many years. However, 2021 saw unprecedented cyber-attacks. The banking industry, for example, experienced a staggering 1,318% increase in ransomware attacks during the year. The ENISA Threat Landscape Report 2021 describes the situation as this “the cybersecurity landscape has grown in terms

The financial services cybersecurity product set is designed to protect an industry which is among the most targeted sectors for cyber-attacks due to the type of information they collect and process: non-public information (NPI) about consumers, such as names, addresses, financial information, payments information, credit history, and Social Security numbers.