Cybersecurity For Financial Services
Citrix News, Tuesday, March 19th, 2024
Cybercrime is on the rise across every industry, pushing organizations to adopt new security measures. Now that the global average data breach costs around 4.45 million dollars, it's no surprise that so many organizations are investing in new security solutions.
This is especially true for financial services organizations, as a security breach not only costs money but also breaches customer trust and negatively affects the reputation of the organization.
It's already apparent that banking and investment firms are investing in reducing risk and increasing resiliency. According to the Gartner 2023 CIO and Technology Executive Survey, banking and investment services CIOs will spend the largest amount of new or additional funding in 2023 on cybersecurity, data and analytics, integration technologies, and cloud.