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Industry comment from Arbor Networks - Capgemini research
February 2017 by Richard Brown, Director EMEA Channels & Alliances at Arbor Networks
With the implementation of the EU General Data Protection Regulation getting ever closer, the impact of data-breaches to both business and the end-user will soon have a bigger impact than ever before. Because of this, it is imperative for businesses to invest appropriately to protect themselves and their customers.
It is perhaps no surprise that financial services are lacking in confidence when it comes to data security. Threats continue to evolve at a rapid pace and as our recent Worldwide Infrastructure Security Report revealed, attack size grew by 60% last year. Financial services organisations in particular are at risk due to the amount of sensitive data and money they store.
To combat this evolving threat, organisations should foster a collaborative cybersecurity environment by sharing threat intelligence to create a far more accurate and actionable view of the threat landscape. Such an approach enables organisations to take a proactive stance and make predictive responses, rather than waiting to be attacked. This is especially true for financial services organisations who typically have a very large attack surface due to rapidly developing business environment. Organisations should also instrument their internal networks so that they have broad and deep visibility of network traffic, threats and user behaviour.
