The UK’s Financial Conduct Authority reported a 50%+ increase in cyber incidents in the financial sector in 2021 when compared to 2020.
While some of these incidents can be linked to system failures and employee errors, it doesn’t mean that the surface area for a cyberattack on a financial institution is smaller.
With a growing hybrid workforce, migration to the cloud, and transformation of security operations, it’s critical that an institution in the financial sector adopts the Zero Trust approach. While the complete elimination of a security breach can never be guaranteed, Zero Trust for financial services is the ideal mechanism.
https://voror-united-kingdom.blogspot.com/2022/10/the-implementation-of-zero-trust.html
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