Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

There’s a natural tension within most companies: marketing wants to get stuff out, while IT and security are focused on protecting the business. These waters between marketing and security can be treacherous, and a recent challenge we observed in a large U.S.-based northeastern bank, illustrates the issue well. Like many financial institutions, mobile and web banking are a critical and core component of the business model.

Defending against security threats is a full-time job. The question is: Whose job is it? Our cybersecurity landscape is in constant flux, with more users having increased access to corporate data, assets, APIs, and other entry points into the organization.

News of ransomware attacks disrupting supply chains has increased recently. As threat actors disrupt businesses and critical infrastructure, they may appear to be working harder. However, cybercriminals treat ransomware as a business, enabling an underground industry. Ransomware-as-a-Service (RaaS) is a growing underground industry that continues to place sensitive information at risk.

Of all the modern business ecosystems, the Fintech sector is one of the most volatile landscapes that is teeming with industry and technological disruptions. And, adding to the pre-existing list is Neobanking. Currently, there are 246 neo banks in the world, and the market projections suggest an annual average growth rate (CAGR) of 47.7 percent until 2028, amounting to 722.6 billion U.S. dollars.

In the world of threat detection and response, alert fatigue and tool sprawl are real problems. Security professionals are struggling to manage different tools and control points and still relying on manual processes, which results in security that is fragmented and reactive. Analysts need better visibility and control, more context, and better use of automation so they can cut through the noise and respond to threats faster and more effectively.