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Highly digitised and data-rich, no sector presents a more attractive target to cybercriminals than the financial services industry.
Arrange a demopercent increase in targeted financial services attacks since 2020
times more vulnerable to cyber threats than other industries
percent of financial services firms increased their cybersecurity spending last year
million dollars – the average cost of a cyber attack in the financial services industry in 2021
Financial service providers are an overwhelmingly appealing target for cyber criminals. Not only does this industry carry the responsibility for the personal information of billions of people, the advances in internet banking, mobile apps, and instant payments all require new technology which invariably increases the industry’s attack vector and introduces new vulnerabilities. It is crucial that financial services companies step up to this challenge.
The nature of the financial services industry means that there is a high volume of sensitive data. This, in turn, generates a significant amount of security data. SenseOn correlates all of this data into one usable format so analysts can instantly find out who, what, where, when and how without having to try and link up information from disparate sources.
As financial services companies are becoming more distributed through remote working or multinational offices, it is even harder to access network information with traditional tools. SenseOn’s Universal Sensor collects data across remote workers, corporate offices and cloud instances at once with an EPNS service to correlate endpoint information and the network data at the point of being recorded.
With sensitive data comes great responsibility. It is a top priority that there are no security blind spots in a financial service company’s digital estate. Any gap could be an entryway for adversaries to access confidential information. Our Universal Sensor provides specific, granular information without the traffic jam of lots of different tools to stop adversaries from penetrating your estate.
As with many security teams, resources for cyber security within financial services firms are often thinly stretched. As such, there is rarely the capacity to resolve the thousands of alerts that are generated by traditional security tools. Using a highly accurate AI based reasoning framework, SenseOn only brings true positive alerts to the attention of analysts, dramatically reducing security operating costs.
“We just put SenseOn in and let it flow. There was minimal time for implementation. Nothing we’ve ever put in has shown value so quickly. We have gone from not having a security team, to having a security team as a result of SenseOn.”
Matt Blee
Cyber Security Manager, Yeo Valley
“SenseOn was the toolset we'd been missing. As a small business, we need to have the same level of protection against threats as the big players, but we don't have the budget to employ dedicated security specialists and this is where SenseOn comes in."
Andrew Walles
IT Solutions Architect, Harbottle and Lewis
“SenseOn is our most valuable security tool due to its ease of use and ability to detect across the estate. The speed of customer service is a huge benefit – I can use the intercom and within minutes, I have a response and someone helping me build a query or general support where I have a knowledge gap.”
Jim Newman
Senior VP of Information Security, KidsLoop
“We were keen to utilise new and innovative technology to defend our organisation. We spent a lot of time looking at more conventional solutions, but only SenseOn offered the functionality we wanted at a sensible price point.”
Adrian Moore
IT Director, bpha
"SenseOn is what you look for in a partner. They have been amazing to work with and dedicated to the success of Advantage and protecting our business."
Steven Young
VP Information Security
SenseOn was founded on the belief that the cybersecurity industry is broken. Designed by security professionals who have felt the pain of traditional tools, SenseOn’s vision is to remove the burden of mundane, repetitive work so security and IT professionals can enjoy more fulfilling careers by enabling an autonomous, intelligent and secure digital world.
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