As cybersecurity threats multiply and evolve in the era of remote work, comprehensive cyber and risk management plans have become absolutely essential. Banks face increasing disruption to their businesses, ever-rising IT costs, and a wider-than-ever technological surface area, creating more and more security vulnerabilities.
That dynamic, paired with sophisticated cybercriminals capable of operating at scale and an evolving cyber regulatory landscape, make it imperative that banks utilize security solutions that effectively protect their customer data from rising cybersecurity threats.
While many banks are aware of this issue and its gravity, they remain vexed by the prospect of trying to address their needs with limited people and resources. Given these crosscurrents, it’s critical to dispel three myths that give rise to ineffective cybersecurity strategies and underscore the importance of “Defense in Depth” for full infrastructure visibility, cyber-threat detection, and incident response and remediation.
Myth #1: Cost
Banks often shortchange their cybersecurity needs under the mistaken assumption that they won’t be a target for hackers because of their size,…
