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White Paper: The Threat Environment of the Financial Sector

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Security is a substantial concern for the financial sector, largely because of the takeover of digitalization. An abundance of information has been made available digitally, which is more convenient for consumers, but more threatening for financial institutions.

At the same time, workloads are becoming mobile and cloud-oriented, so the environment perimeter is expanding into outside data centers. Willingness to move to the cloud is slow to progress, but it is happening; although not without worrying about how to protect a geographically disparate perimeter. For the financial sector, the standard firewall is no longer sufficient.

Then there’s the whack-a-mole-oriented nature of managing financial security. As soon as an organization figures out how to protect itself from one threat, another seems to surface.

Security risks of particular concern to the financial industry span internal and external threats, and prioritizing areas of vulnerability with the right solutions is a pervasive challenge. However, with insight on the primary security threats among financial organizations and identifying the right technology partners to support security solutions, the financial industry has a chance at keeping up with the always-changing threat environment and preventing business damages.

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About Peak 10

"Our values are the foundation for everything we do at Peak 10, and are ultimately what enable us to earn our customers' business and their trust."
David H. Jones,
Board Member, Peak 10 + ViaWest