Mitigate Systemic Risk and Improve Operational Resilience
Cybersecurity risks have become a critical concern for financial institutions, with increasing digital transformation and innovation expanding attack surfaces and exposures. Financial institutions, including banks, insurance, credit unions and investment firms, must balance technological innovation with resilient security measures and compliance with dynamic regulatory requirements to stay competitive.
Financial institutions are left struggling with a myriad of challenges, including incomplete asset inventories, siloed security operations with too much data and no unified view, manual prioritization of risk, and evolving regulatory requirements including PCI-DSS, the SEC’s expanded disclosure requirements and those from the FDIC, NCUS, FFIEC, and NYDFS and DORA.
And, the stakes are high; cyber incidents can result in immense costs, averaging $5.9 million per data breach for the financial sector in 2023.
Continue reading to learn how Armis Centrix™ delivers the comprehensive visibility, security, and cyber risk management capabilities financial institutions need to meet these challenges head-on and ensure integrity of financial data and records.