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The financial services industry is an attractive target for cybercriminals, making it vital for firms in the sector to benefit from the latest cutting-edge solutions. Financial services and banking firms face a number of key threats in 2023, notably: ransomware, phishing, and insider threats.
Today, Picus is delighted to have been recognized for the role we play in securing banks and other financial firms by being named a vendor in the CYBERTECH 100 - a list of the hundred most innovative cybersecurity companies on the planet.
It’s the third successive year that we’ve made the CyberTech 100 list for our security validation technology, which is helping organizations such as Mastercard and ING to measure the effectiveness of controls and processes against real-world threats.
“Staying threat ready is a constant challenge for all organizations but particularly those in the financial sector, which are targeted extensively by threat actors,” says Alper Memis, CEO and Co-founder of Picus Security.“The Picus Platform enables security teams to achieve a proactive approach by validating their defenses automatically and continuously. I’m thrilled that we’ve been recognized once again for the work we do to keep our clients in the financial sector resilient.”
The CyberTech100 list for 2023 was compiled by a panel of analysts and industry experts who assessed over 1,000 security vendors and selected the top 100 based on their innovative use of technology to solve a significant industry problem or generate improvements across the security value chain.
“As challenges such as ransomware, phishing and data breaches still plague financial institutions, there has never been a more important time for businesses to use CyberTech solutions,” said FinTech Global director Richard Sachar.“With the average cost of data breaches being in the millions, it is critical firms look for the solutions that can guarantee their protection, particularly as the tough economic climate puts pressure on finances. This year’s CyberTech100 list arms companies with the necessary information to find the industry change-makers who are providing companies with the opportunity to be well protected against these threats.”
To learn more about the latest threats facing firms in the financial services sector sign up for our forthcoming webinar Emerging Cyber Threats and Mitigation Strategies for Financial Services in 2023, on Tuesday, May 16, 2023.