From Cloud to Compliance: Mitigating Cyber Risks for Financial Services

Financial service organizations manage large amounts of wealth and sensitive data, making them an ideal target for hackers. While digital business flourishes, financial institutions have become high-value targets of cyber attacks, forcing the industry to step up its security practices. Companies in financial services face additional challenges of meeting FINRA and SEC compliance requirements, satisfying strict regulators and managing data in order to mitigate risk. Many financial institutions are reluctant to adopt cloud-based services due to concerns over security, lack of privacy, changing regulations, traditional architecture, and various other factors. The fact of the matter is, cloud-based security solutions can and do address all of these concerns, with the added benefits of cost-reduction, flexibility, and scalability. The quick shift to remote work last year forced many organizations with a more traditional approach to rapidly adopt and deploy cloud-based technologies and services. While the financial industry had previously been slower on the uptake, COVID-19 accelerated this adoption and saw it quickly catch up with other industries, all while reaping the benefits of the cloud. In this webinar, Amit Bareket, CEO and Co-founder of Perimeter 81, and Sid Yenamandra, CEO and Founder of Entreda, now a part of Smarsh, will discuss the importance of cloud adoption for financial institutions and how cloud-based security solutions provide stronger defenses, clearer network visibility and are easily scalable. Together, they will explore the connection between network security and compliance and give practical tips and insights into securing your organization through the cloud.