Mitigate Systemic Risk and Improve Operational Resilience
Armis empowers financial institutions to take control of their complex infrastructure to see, protect and manage their assets and data in real-time. Armis Centrix™ is a seamless, frictionless, cloud-based platform that proactively identifies and mitigates all cyber asset risks, manages vulnerabilities and security findings, blocks threats and protects your entire attack surface.
With Armis, financial institutions can detect and stop attacks, control the blast radius and ensure their most critical assets are protected.
Dive into Armis Centrix™ for Financial Services
A Proactive Approach to Risk Reduction and Operational Resilience
Discover Critical Insights with our Industry Spotlight
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Learn About Securing Financial Services with Armis Centrix™
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.
Dive Even Deeper into Securing Financial Services with Armis Centrix™
Now that we’ve gotten your attention, understand how Armis Centrix™ for Financial Services works, with an in-depth view of use cases and business outcomes.
Expanded Attack Surface and Increased Risk
ATMs, customer service kiosks, physical security devices, and other specialized financial hardware often fall outside traditional IT security measures, creating potential vulnerabilities. Innovations like AI-driven platforms, IoT-powered services, and digitized Building Management Systems (BMS) have transformed financial services but also introduced new cyber risks. According to the 2024 Armis Cyberwarfare Report, 74% of financial institutions faced at least one ransomware attack last year, and 41% experienced multiple breaches.
Siloed Data and Manual Processes
The average financial institution uses 76 different cybersecurity systems, creating fragmented, duplicated, and often conflicting data. Without a consolidated solution, institutions rely on manual processes and spreadsheets for steps like asset enrichment and prioritization which can leave gaps in coverage. The end result is an increased exposure to threats.
Regulatory Complexity
Keeping pace with constantly evolving regulations—such as DORA, PSD2, and the Sarbanes-Oxley Act—demands precision and agility. Financial institutions must maintain detailed, auditable records of cybersecurity efforts while aligning operations to stringent compliance frameworks. Additionally, there is greater scrutiny of security operations and processes to identify, address, and report on cyber risk as per regulation requirements. Compliance fines can range from $5,000 – $100,000 per month until the issue is resolved.
Vulnerability Management
There were 3,348 cyber incidents in the financial industry in 2023, the highest number in ten years. Prioritizing and remediating vulnerabilities in a rapidly expanding and complex attack surface requires comprehensive context and cross-functional collaboration. Yet most tools do not enable vulnerability management teams to identify the most critical and urgent risks and provide actionable guidance to remediation teams, leaving institutions overwhelmed and at risk.
Shift the Focus to Mitigating Risk
Financial institutions are increasingly vulnerable to cyber threats as they expand their digital transformation efforts. This challenge is compounded by a reactive approach centered on meeting compliance requirements, rather than prioritizing proactive strategies for risk mitigation. Shifting focus to risk mitigation—through enhanced asset visibility, early warning intelligence, and automated processes—can help secure sensitive data and protect against evolving threats.
Complete, Real-Time Visibility
By providing complete asset visibility across all asset types, Armis Centrix™ gives financial services organizations complete control over their assets. It allows them to pull asset-related data from relevant IT and security tools to obtain rich, contextual intelligence about each asset in the inventory. The data is not only aggregated, but also deduplicated and normalized. Armis Centrix™ then pushes this data to the CMDB to create an accurate and comprehensive view of all assets, complete with enriched contextual data.
In the financial services industry, achieving complete visibility is essential, and Armis’ cloud classification is at the forefront of this endeavor. The platform provides real-time insights into network assets with the option to deploy smart active querying to proactively quiz your network. This facilitates classifying devices and applications to differentiate authorized from unauthorized ones, across every type of device including IoT.
Business Critical Risk Prioritization and Remediation
With Armis you can calculate your risk by assessing factors including severity score, exploitability, and reputation of vulnerabilities, in addition to considering the business impact and priority of assets based on their functionality, ownership, stored data, and other relevant context. Asset criticality is automatically determined using AI-driven Asset Intelligence Engine insights, which can also be tailored to align with the organization’s unique criteria. This blend of asset context and vulnerability risk analysis enables financial professionals to distinctly identify optimal areas for remediation that will yield the most significant positive impact on their financial institution.
Armis Centrix™ for Vulnerability Prioritization and Remediation empowers financial organizations to streamline their focus, pinpointing the most critical vulnerabilities that pose the highest risk to their operations. Using real-world intelligence, Armis analytics in conjunction with the customer’s perception of risk delivers organizations a true enterprise view of their vulnerabilities.
Address the Mounting Pressure of Financial Compliance Frameworks
Armis Centrix™ assists financial institutions and banks in navigating the complex landscape of regulatory compliance by providing comprehensive visibility, security and control. The platform enables security teams to monitor and assess their asset inventories against regulatory standards in real-time, ensuring that all devices are accounted for and compliant with frameworks. By offering automated risk assessments and alerts, Armis helps financial institutions and banks quickly identify potential non-compliance issues and respond proactively, minimizing the risk of regulatory fines and penalties. Armis facilitates audit readiness by streamlining the documentation and reporting processes, allowing financial institutions and banks to efficiently demonstrate compliance to regulators.
Bridge the IT/OT Gap
Using network segmentation visualizations to manage your IT/OT attack surface dramatically improves your cyber and operational resilience. With Armis Centrix™, you can display connections based on segments, asset types and defined boundaries.
As financial services companies continue to adopt cutting-edge technology to streamline operations, enhance customer experiences, and optimize resources, their reliance on smart building systems grows in parallel.
Building Management Systems (BMS), have become vital components for managing HVAC systems, lighting, physical security, and other building functions. Whether connected assets are located onsite or in distributed locations, Armis Centrix™ holistic approach makes it easy to inventory and quickly understand all of them.
Secure Innovation
With Armis Centrix™, financial institutions can confidently pursue their competitive strategies, knowing that their cutting-edge infrastructures are protected and compliant with the highest cybersecurity standards. This protection not only maintains operational integrity but also encourages other financial entities to follow suit in enhancing their workplace experiences, contributing to a safer, more innovative industry landscape.
Financial Services Organization Gets a Reality Check on Its Assets
True, Comprehensive Asset Management from a Trusted Vendor Dedicated to Resolving Customer Issues
This rapidly growing global financial services organization is headquartered in the U.S and has approximately 15 offices worldwide. Many of the approximately 500 remote employees frequently travel all over the world for meetings with partners and other stakeholders. The organization also uses numerous cloud services and applications. In a highly regulated industry like financial services, maintaining strict security controls to protect privacy and valuable data are always top of mind.
