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3 Ransomware Readiness Essentials for Financial Service Providers

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Raising the threat level As in many other tradi onal business sectors, the financial services industry is ripe for disrup on. Today's financial ins tu ons face new internal and external factors that further complicate safeguarding customer data from cybera acks. Internal condi ons, such as fragmented internal produc vity tools, separate applica ons and support for different facili es, and disparate data storage proper es, provide more targets a ackers seek. This, compounded with increased efforts and the growing sophis ca on of bad actors, increases the probability of a successful breach. 5 An edge-to-cloud robust data protec on strategy is essen al for the efficient protec on of valuable data. Threat #1 Data Sprawl and Silos Threat #2 Cybercrime Ac vity Threat #3 Rapid Tech Advancements More data in more places introduces new vulnerabili es, especially with an increasingly remote workforce and rapid endpoint device expansion. Ransomware a acks and other cybercrime is consistently growing to pace the expansion of technological advances and new tools. New so ware applica ons and hardware pla orms are being created and implemented faster than protec ve solu ons.

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