DIG for Financial Services

The Need

It is no surprise that the financial services industry is a leading target for cyber criminals. According to IBM Security, the average cost of a breach in the industry is over $5.7 million, and the average cost of a ransomware breach is more than $4.6 million . Meanwhile, the average cost to recover from a ransomware attack is $1.85 million, according to Gartner .

At the same time, organizations must comply with an increasing number of ongoing and stringent industry regulations, such as GLBA, SOX, SOC-2, and GDPR. Current data security offerings fall short when it comes to protecting data in the cloud.

On the one hand, data leakage prevention (DLP) solutions are ineffective beyond the organization perimeter. On the other hand, cloud security posture management (CSPM) solutions focus on infrastructure and lack a data-centric view.

Moreover, cloud-native solutions lead to more data fragmentation issues, with each solution impacting only one part of a much bigger picture.