Best Practices for Cyber-Resiliency in the Financial Sector

This IDC Market Perspective details how the financial sector faces increasing cybersecurity threats, which are exacerbated by digital transformation and cloud adoption. Best practices for cyber-resiliency include understanding the shared responsibility model, leveraging cloud-native application protection platforms, and integrating managed detection and response systems. Regulatory compliance, continuous risk management, and a trusted ecosystem with cloud service providers and software vendors are crucial. Achieving cyber-resiliency is a journey, with a focus on attaining operational resilience, reducing vulnerabilities, and enhancing threat detection and response capabilities."In the digital era, simplifying cybersecurity amidst complexity is key to fortifying financial services against evolving threats." - Phil Bues, senior research manager, Cloud Security, IDC