Why Cyber-Security needs to be a priority in Finance?
Cyberattacks are on the rise and so are the costs associated with breaches. As an industry, finance has been historically slow to move away from legacy technologies. Now there’s a greater need to digitally transform their processes and their cybersecurity strategy along with them. The statistics below don’t bode well for the sector, but each can be addressed in a modern way that strengthens cybersecurity and modernizes their practices.
Why Industry is a target for cybercrime
Most criminals target financial firms simply because that's where the money is. Despite major efforts to protect themselves against ever-more-numerous and sophisticated attacks, businesses in this sector need to keep their guard up.
Cybersecurity in Finance is a priority.
If delayed can become a liability.
How Industry Is Targeted
Top tips for securing Finance Domain
Have a clear business plan, Monitor your financial position, Ensure customers pay you on time, Know your day-to-day costs, Keep up-to-date accounting records.
Meet tax deadlines, Become more efficient and control overheads, Control stock, Get the right funding, Tackle problems when they arise.
Make your finance domain cyber attack free
There are several ways to minimize the risk of getting hacked.