Financial institutions likely to doubledown on security spending | SC Media

Financial institutions likely to doubledown on security spending

August 3, 2020
  • Cybersecurity organizations will need to quickly adapt to this new operating environment by implementing enhanced controls and endpoint protection technologies to exert greater control over end-user devices.
  • With lines blurring among employees, customers, contractors, and partners/vendors in general, firms should consider implementing “zero trust” principles for access since the organization’s perimeter is essentially gone. Every transaction involving flow of data, whether it be through networks, applications, users, devices, or workloads, should be controlled for least privileged access.
  • Companies should digitally enable their cyber function to improve agility and automation. Weaving security-by-design principles into IT service development and embedding cybersecurity requirements into the architecture and design stages of the software development lifecycle could help companies get ahead of evolving threats.
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