Consumers around the world across a variety of industries are adopting digital technologies to improve their daily lives, and they expect organizations to support this behavior. In the financial services sector, they’re using technologies like digital banking and insurance apps for tasks that used to be completed offline.
Protecting Today's Financial Services Industry in a Digital Environment
1. PROTECTING TODAY’S
FINANCIAL SERVICES INDUSTRY
IN A DIGITAL ENVIRONMENT
THE GROWTH OF THE CLOUD, IoT,
MOBILITY, AND BIG DATA ANALYTICS
More than
TOP THREE REASONS FOR ADOPTING CLOUD COMPUTING
Average IoT per-company
spending in financial
services expected to grow
of IoT budgets will
count for monitoring
financial products & services
The Sectors Most Likely to Adopt Enterprise Mobility in 2016
cited SECURITY
as the top driver of
spending in 2016
WHAT’S AT RISK?
When financial organizations turn to the cloud and
IoT, the attack surface is widened and information
could be made available to cybercriminals.
A "dump track" with a high
balance can go for between
Companies lose an estimated
3% OF THEIR MARKET
VALUE over time due to
data breaches
FINANCIAL TECHNOLOGY BREACH TRENDS
PREVENTING BREACHES WITH CYBERSECURITY
faced AT LEAST ONE
CYBERSECURITY ATTACK in 2016
Financial sector systems
were COMPROMISED IN
MINUTES OR LESS in
98% OF CASES in 2016
DDoS attacks
accounted for 34%
OF INCIDENTS
15% OF INCIDENTS
REMAINED UNDISCOVERED
for months or more
The U.S. financial institution’s
CYBERSECURITY MARKET
is predicted to grow to
$68 BILLIONby 2020
Financial services organizations are looking to network
security providers to provide:
Fortinet solutions are ideally suited for financial institutions,
with high-performance, top-rated security backed by the latest
threat intelligence from FortiGuard Labs. We consistently earn top
scores in independent tests and are recommended by NSS Labs.
Flexible deployment options: hardware, virtual, and cloud, coupled with
a large range of models, will fit your unique environment.
Visit www.fortinet.com to learn more about
protecting your financial services organization
from today’s cybercriminals.
81%OF BANKING CEOs
are worried about speed
of technological change
60%
of financial institutions
are developing
a CLOUD STRATEGY
Flexible infrastructure
capacity
Reduction
in TCO
Reduced time for
provisioning
$153.5 MILLION
by 2018
Up from $117.4 million in 2015
29%
By 2020
Telecommunications
40%
Financial Services
36%
82%
of CIOs
Social Security Numbers
Employment Information
Addresses
Account Balances
Payment History
Credit History
Account
Information
$110 and $1190
on the “Dark Web”
66%
Web App attacks made
up 48% of all FINANCIAL
SECTOR SECURITY
INCIDENTS in 2016
FLEXIBILITY CONTROL CONSOLIDATION AUTOMATION
of Financial
Organizations