News Formal

How to elevate cyber security for financial services companies

  • 📰 ITWeb
  • ⏱ Reading Time:
  • 26 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 51%

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa’s white hat hacker who keeps companies safeDominic White is one of South Africa’s best-known white hat hackers who uses his knowledge and skills to fight criminals online.
Source: mybroadband - 🏆 11. / 67 Read more »