Security challenges and priorities for the financial services industry

Just like most businesses today, financial services organisations are facing many global challenges, including inflation, recession and increasing interest rates. But the financial sector is particularly dealing with other industry-specific concerns – especially cyber security challenges.

While cyber security attacks keep rising and becoming more sophisticated, customer and employee demands are also constantly changing. Cloud deployment continues growing and other new technologies emerge to help enterprises overcome these challenges. But this also brings new threats. With the world moving so fast, financial firms need to be agile, secure and efficient, and adapt to evolving demands with a user-first approach in mind. They must be prepared for whatever the future holds and have the right solutions in place so they can become more resilient and fit for the future.

We’ve gathered some key insights, trends and recommendations on the challenges that the financial services industry is facing. We explore their top priorities – trust, security and resilience –  as well as the role that technology and converged solutions have to play. And how to make the most out of them to meet customer expectations and business goals without compromising security.