The financial services industry continues to face relentless cyber threats, resulting in exorbitant breach costs. With an average breach cost of over $5.7 million and ransomware breaches exceeding $4.6 million, the urgency to fortify data security is evident. Furthermore, recovering from a ransomware attack alone can cost up to $1.85 million.
Compounding these challenges are the increasing regulatory demands, including GLBA, SOX, SOC-2, and GDPR compliance requirements.
Existing data security solutions fall short when it comes to safeguarding cloud-stored data. While data leakage prevention (DLP) solutions are effective within organizational perimeters, they lack efficacy outside those boundaries. On the other hand, cloud security posture management (CSPM) solutions primarily focus on infrastructure security, lacking a holistic data-centric approach.
To address these pressing concerns, we offer enhanced data security solutions tailored specifically for the financial services industry. Our cutting-edge technology combines robust data protection with comprehensive compliance measures. With our solution, you can ensure data security, both internally and externally, while seamlessly meeting regulatory obligations.
Key features of our data security solutions for financial services include: