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How to elevate cyber security for financial services companies

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Dominic Richardson News

Dolos,Data Security,Digital Identities

The challenges of ensuring data security and privacy are increasing, making it harder to manage digital identities, says Dominic Richardson, CEO at Dolos.

How to elevate cyber security for financial services companiesAutomation is key to agile incident detection and response.

In parallel, data growth and cloud adoption are expanding the attack surface, which means better vulnerability management and incident response are required. Over the past 20 years, approximately 20% of reported cyber incidents have impacted the global financial sector, resulting in direct losses of $12 billion for financial services companies, according to the. Since 2020, these direct losses have amounted to around $2.5 billion, which highlights the increasingly complicated situation this sector faces.

 

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