cyber security Archives

The financial institutions have been facing several challenges over the past few years – many of which revolve around competing with non-traditional innovators, restoring public confidence in the industry, and working in new economic circumstances after the financial crisis. One of the main reasons why the financial sector is facing multiple challenges is that they are still using old technology and following traditional trends. But managing risk and opportunity is what the financial industry knows very well. With the rise of Fintech in the digital world, financial institutions need to adopt new-age technologies and delight consumers with enhanced banking experiences. But before we talk more about these advanced technologies, let’s find out some of the major challenges the financial ind...

The cybersecurity firms need to workout on several parameters to cover risk and minimize data damage for companies that is growing becoming insurance challenge. As the sector expands more mandatory algorithms to emerge, but as of now below are few of the things to learn. Standard Assessments This is not something like the real estate, auto and life insurance market where accurate and actual data is available. In the cybersecurity insurance the companies need to rely on security readiness assessments to help in determining the potential risk amount that an organization carries. Independent third parties carries out such evaluation to assess several factors like value of data, amount of data, locations where data resides, security products and tools used to protect the information....

Tag: cyber security

How New-Age Technologies Help Financial Companies Overcome Challenges

Things To Learn By Cybersecurity Insurance Companies