While financial institutions are no stranger to fraud and others forms of cybercrime and heavy industry regulation, the threat landscape is constantly changing, regulators adjust compliance rules and regulations in response to emerging threats. Sophisticated cybercriminals and state-sponsored adversaries know financial services firms are more familiar with cyber defenses, the allure of monetary gain, access to hyper-sensitive personally identifiable information (PII) and financial records is too lucrative for these adversaries to pass up.
Financial services and institutions face some of the most serious and sophisticated cyberattacks, with data security being a prime target. Something as minor as a security breach at a banking location can have ripple effect consequences on an entire region of the world. In 2020, $4.2B was siphoned off by cybercriminals, according to the FBI.
Adlumin illuminates the threats against financial services that would’ve otherwise gone unnoticed. Our cloud-native platform identifies threats, remediates rules and systems automatically and provides continuous compliance reporting every financial institution needs.