Securing Digital Markets
The security challenges faced by financial services organizations cannot be overstated. As the managers and custodians of financial assets and related sensitive data, these organizations are under constant attack from bad actors and receive increasing scrutiny from regulators, while trying to address customer and competitive demands for greater digital access.
The latest Financial Services Edition of the Thales Data Threat Report explores the perspectives of 140 financial services (FiServ) respondents in 18 countries regarding their understanding of the evolving security threat landscape, and challenges and strategies for protecting data, whether in the cloud, on-premises or across hybrid environments.
Analysis from 451 Research, part of S&P Global Market Intelligence, based on a survey with more than 140 financial services respondents in 18 countries.
Awareness of changing risks is high among financial organizations, but this hasn’t accelerated how organizations address them
Securing data in cloud is considered complex
The proportion of FiServ respondents who agree with this sentiment has increased to 55% from 44% last year, a potential byproduct of increasing multicloud operations.
Identity and encryption management complexity can be serious issues
69%of FiServ organizations surveyed have five or more key management systems.