Financial institutions handle a great deal of sensitive data and are highly conscientious of where they store and process it. Nevertheless, they are aware of the many benefits that they can gain by using cloud applications. In order to embrace the cloud’s myriad advantages without compromising the security of their data, financial institutions have been turning to cloud access security brokers (CASBs). To find out why, check out our latest episode of Glass Class.
In a recent Bitglass Security Spotlight, we enumerated the risks associated with failing to implement proper data and threat protection in financial services. Financial organizations are often targeted by hackers who are looking to seize personally identifiable information (PII) and nonpublic personal information (NPI) – this information is useful for identity theft and lucrative to sell on the dark web. Data loss prevention (DLP) and access controls are obvious priorities, and while employees generally use managed devices in the financial industry, data leakage is still a common occurrence.
Here are the top cybersecurity stories of recent weeks:
Financial services organizations are a prime target for hackers looking to steal and sell valuable data. This is because these firms handle sensitive information known as PII, personally identifiable information, as well as other financial data. In Financial World: Breach Kingdom, Bitglass' latest financial breach report, the Next-Gen CASB reveals information about the state of security for financial services in 2018. Read on to learn more.