The financial services industry is one of the industries with the highest number of cyber attacks - companies in this sector face a 300x greater risk of attack, according to a cyber security report by Boston Consulting Group. Why is that? Because hackers focus primarily on stealing sensitive data to gain a financial advantage. And the financial industry in particular is all about sensitive data. This also means that not only is the frequency of attack higher, but so are the potential consequences, given the heavy regulation and compliance requirements around all of that sensitive data.
Much of this sensitive data and supporting business processes run on the business’s critical CRM, HR, ERP, and finance applications, like those from SAP, Oracle, and Salesforce. To protect your organization from cyber attack and avoid the high costs of a data breach or non-compliance, you need to identify what risk currently lies in your existing application environment and understand how to act on it.