5 Major Cyberthreats Facing the BFSI Industry

5 Major Cyberthreats Facing the BFSI Industry

Aug 10, 2022

Cybersecurity in the BFSI industry is one of the critical areas of concern today. The banking and financial services industry is highly regulated on the cybersecurity front. Why is it so? The total cost of data breaches in the financial sector in 2021 was USD 5.72 million on average, second only to the healthcare industry. The growing sophistication, severity, and lethality of cybersecurity threats to the financial sector further accentuate the industry’s challenges.

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The company has been mentioned in the Gartner Magic Quadrant and Forrester Tech Now reports, is CERT-In empanelled as a trusted scanning vendor, and has been the recipient of many awards such as the Economic Times Top 25, Nasscom DSCI Top Security Company of the Year Award and is funded by Tata Capital Growth Fund.

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