The financial services industry stands as one of the primary targets for threat actors seeking to exploit vulnerabilities and perpetrate malicious activities. The criticality of safeguarding both an organization’s infrastructure and its clientele cannot be overstated. Amidst these challenges, the role of a comprehensive threat intelligence platform emerges as a beacon of proactive defense.

Within the realm of security operations, teams face an array of hurdles, with resource limitations standing out as a significant obstacle. At ThreatQuotient, we empathize with these challenges, and our ethos revolves around a data-driven approach to threat intelligence management. Our primary aim is to channel the precise data to the appropriate systems and teams, precisely when needed, amplifying the efficiency and efficacy of security operations to tackle these challenges head-on.

Well, it’s that time of year again. With the new year comes new predictions. Sometimes it seems that these posts can simply be a cut-and-paste job from year to year. I’m going to do my best to avoid that here. Let’s take a look back on some of our past predictions.

Staying ahead of threats requires not only innovation but also strategic partnerships and continual learning. Over the recent past, our journey has been marked by significant achievements, showcasing our commitment to excellence and collaboration within the industry.

In the face of economic headwinds, many companies are resorting to layoffs to help weather the storm. A study by Bloomberg News has found that since October 1, 2022 almost half a million employees worldwide across sectors have lost their jobs, with the tech sector accounting for nearly 150,000 of the 473,000 jobs cut. And new research by HackerOne found that in the last 12 months, 39% of companies surveyed have made security headcount cuts, and 40% plan to make then in the next 12 months.

Cybersecurity automation has steadily gained traction as organizations seek to improve efficiency, address talent gaps, and keep up with escalating threats. However, our latest State of Cybersecurity Automation research shows that while more businesses are utilizing automation, they continue to grapple with obstacles that prevent them from fully capitalizing on its benefits.

As the times change and the threats evolve, financial institutions face relentless cyber threats from an ever-expanding number and variety of attack vectors. While individual resilience is important, the heavily interconnected nature of today’s financial services industry demands a unified approach to defense where all participants actively engage in Cyber Threat Intelligence (CTI) sharing for the greater good.

The Entertainment and Gaming industries are thriving economies that cater to the enjoyment needs of millions worldwide. However, these sectors are far from immune to the growing threat of cyberattacks. In fact, they’re increasingly becoming a prime target for malicious cyber threat actors due to its widespread visibility and the perception that gamers and media consumers may be less vigilant about cybersecurity.