The banking and financial sector is one of the most regulated industries but is also one of the most frequently targeted. Unlike many other industries, companies in this sector must evolve networks, systems, and application controls faster, given the speed of digital transformation and the inherent threat motives for financial information.
Today’s challenges for this segment revolve around control optimization and reducing the overall overhead around security management, particularly compliance. Compliance takes time, money, and effort from core banking and financial services. So, the need for an optimized security program is critical, and this is where an alignment with a trusted security partner like VerSprite is essential. We help banks and financial institutions leverage a risk-based threat model for their overall security program and introduce an effective way to operationalize compliance.