Armis Centrix™ for VIPR Pro – Prioritization and Remediation – Financial Services
The Importance of Vulnerability Management in Financial Services
Financial services companies are under attack; with the New York Federal Reserve reporting that financial institutions experience cyber attacks 300 times more frequently than other industries. This heightened risk is due to the sensitive customer data and personal identification information that they handle and the lucrative nature of potential breaches. Complicating this challenge is that the entire financial industry is going through digital transformation. While innovations like AI-driven investment platforms and digital banking have brought benefits, they have also expanded the attack surface, creating more vulnerabilities for threat actors to exploit.
Given these challenges and risks, regulatory compliance requirements have mandated that vulnerability management be an essential component of cybersecurity strategies for financial institutions. By implementing robust vulnerability management programs, companies can proactively identify and address potential weaknesses before they’re exploited, reducing the risk of data breaches, financial losses, reputational damage, and legal liabilities. This approach not only maintains regulatory compliance requirements but also protects the institution, maintaining customer trust in their ability to handle money and information securely..
Continue reading to learn how Armis Centrix™ for VIPR Pro – Prioritization and Remediation unifies risk, prioritizes response, identifies the owner, and operationalizes the remediation lifecycle.