Financial institutions are often the main targets of cyberattacks, and they face a myriad of challenges to prevent and contain these malicious threats. From ATMs, to mobile devices to social media, more paths of attack are present than ever before. Recently, one of the largest banks in the world was successfully attacked. This breach resulted in the theft of private information about tens of millions of their customers. Although the breach could have been worse, it’s a menacing reflection of the huge losses that financial institutions incur every year due to cybercrimes.
Financial institutions make significant investments and spend billions of dollars on cyber security to safeguard their data and networks. However, they still fall prey to numerous sophisticated malicious cyberattacks resulting in regulatory compliance issues, significant financial losses and damage to their reputation. Financial institutions are consumer based, and a breach can destroy these organizations due to lack of trust from merchants and customers.
At Syncurity®, we brings structure and process to incident response, reducing risk and increasing effectiveness and visibility for security teams with our IR-Flow™ solution. Manual legacy methods like spreadsheets are chaotic and ineffective when dealing with complex threats. IR-Flow brings structure and process to incident response, reducing risk and response time to potential threats by:
Syncurity IR-Flow Intuitive GUI
IR-Flow enables financial institutions to create an efficient, streamlined IR process that delivers an actionable IR workflow to bring people, process and technology together to help maintain regulatory compliance and mitigate the burden of liability on stakeholders.
Syncurity also offers deployment services for IR-Flow by our world-class support engineers to ensure you get the maximum benefit of IR-Flow for your exacting needs.
To find out more about IR-Flow, or request a demo, click here.