SenseOn: Confronting Modern Cyber Risks in Financial Services

Financial services, a sector rich in valuable data, are facing escalating cyber threats, including ransomware, phishing, and DDoS attacks, leading to financial losses and compromised trust. IBM reports considerable costs tied to data breaches, with UK financial firms seeing a surge in incidents. To mitigate risks, firms must enhance internal and external security measures, leverage advanced monitoring technologies, and improve data correlation. AI-driven systems could reduce false-positive security alerts, easing operational pressures. SenseOn's CEO, David Atkinson, advocates comprehensive cyber resilience strategies to protect against the dynamic landscape of cyber risks. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: The Fintech Times