More Cyber Attacks, More Regulations
Financial services face a heightened risk of cyber attacks with 76% of respondents from financial services and insurance believe the cyber capabilities of nation-state actors have the potential to instigate a full-scale cyberwar that could cripple critical infrastructure worldwide according to The 2025 Armis Cyberwarfare Report.
Shift the Focus to Mitigating Risk
The average financial institution utilizes 76 different systems to manage their cybersecurity operations. This data complexity forces institutions to rely on manual methods, like spreadsheets, to aggregate and share information. This causes limited asset visibility and insufficient context across systems. However, their largest demand on resources remain the pressure to meet compliance requirements. This reactive approach – prioritizing compliance over risk mitigation – leaves institutions increasingly vulnerable and focusing on the wrong priority.