Scaling Cybersecurity for the Financial Services Industry

Financial service organizations face a growing challenge. Their customers expect 24×7 access and self-service convenience, meaning these orgs must move to the cloud and embrace new technologies, all while securing growing attack surfaces and achieving and maintaining compliance. This is a hurdle too high to clear for most organizations.

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By the Numbers

Banks, credit unions, and other financial services organizations are the ultimate prize for hackers and cybercriminals seeking monetary gain.

Competitive pressures are driving financial organizations to further expand the range of products and information services they offer, making their systems more open and accessible from a wider range of devices and locations. This combination of resource-rich targets, mission-critical systems, and accessible environments make a tempting target to cybercriminals who see financial services organizations as potentially massive paydays.

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Financial services firms are 300 times as likely as other companies to be targeted by a cyber attack.
SOURCE: Boston Consulting Group

Nearly two-thirds of the US population now uses digital banking, a trend that was helped by the pandemic. As financial institutions expose more services online, the risk of compromise grows.
SOURCE

System Intrusion, Social Engineering and Basic Web Application Attacks represent 74% of breaches in the financial services industry
SOURCE

The financial services industry suffered the second highest average total cost per data breach, averaging $6.08 million in 2024.
SOURCE

Customer Testimonial
“Cybersecurity threats continually transform and mature. Arctic Wolf, however, delivers the tools and expertise to continually monitor our environment and alert on these threats. I rest easier knowing our operations are monitored 24×7 with Arctic Wolf.”
AJ Tasker, Vice President and Director of IT, First United Bank & Trust
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Struggling to navigate the complex world of compliance?

The financial sector is heavily targeted by cybercriminals, who typically go where the money is. In response, several government agencies aim to protect consumer information — from the Gramm-Leach-Bliley Act to the FFIEC Cybersecurity Assessment Tool to the Sarbanes-Oxley Act it can be difficult to know how frameworks and regulations apply to your organization.

Navigate the complex world of compliance and explore our interactive map.
View Interactive Map

Arctic Wolf Protects Financial Services Organizations Across the Globe

Schedule an overview to learn why our financial services customers trust Arctic Wolf to:

Monitor environments 24x7 to detect and respond to cybersecurity threats
Provide continual vulnerability assessments
Partner with them to meet data security compliance obligations
Identify threats targeting network or cloud applications
Conduct cybersecurity awareness training for security teams and employees

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Additional Resources For Financial Services Organizations

GLOBAL HEADQUARTERS

Arctic Wolf Networks 8939 Columbine Rd Eden Prairie, MN 55347

1.888.272.8429

Ready to get started? Request a Demo