Financial organisations are prime targets for hackers.
Safeguard your business and brand reputation.
Financial institutions are magnets for hackers. Successful attacks reap huge benefits. Ongoing reliance on legacy systems and insufficient third-party risk management practices make commercial and investment banks especially prone to increasingly hostile data breaches and ransomware. One incident can threaten short- and long-term business value and brand reputation. Financial institutions must make significant strides in basic cybersecurity hygiene by continuously assessing and monitoring their own security posture as well as the cyberhealth of their vendor and partner ecosystems.
Manage Underwriting risk, stay ahead of dynamic threats and comply with evolving regulations.
The insurance industry is immersed in disruption. In a rapidly evolving marketplace flooded with converging technologies, customer demands are on the rise. Carriers must modernize legacy systems and operations in order to prosper in the digital economy while simultaneously complying with regulatory enforcement. Plus, in addition to the higher frequency of more sophisticated threats faced by all industry sectors, insurers face unique cybersecurity challenges.
Rely on the most accurate security ratings and detailed threat intelligence available. Identify data assets at risk, and proactively eliminate vulnerabilities before attackers exploit them. Our best-of-breed data collection and precise attribution capabilities reveal malicious activity in your IT infrastructure, your ecosystem, and in policyholder environments. Proactively address cybersecurity to prevent damaging data and financial losses.
Discover, monitor, and report on the cyberhealth of your IT infrastructure from the outside in – see what a hacker sees. Evaluate your risk with our proprietary data collection and analytics capabilities. Our security ratings allow you to drill down into and remediate specific issues in your environment.
Map vulnerabilities in your ecosystem to any insurance industry security standard or framework, including SOX, PCI DSS, and ISO.
Mergers & Acquisitions
M&A activity is on the rise by both insurers looking to divest assets, and by those seeking acquisitions to increase scale and capabilities. Rely on RiskXchange to discover and continuously monitor the security posture of M&A targets before you merge or acquire.
Product Innovation and cybersecurity are not mutually exclusive.
Technology sector companies typically have a higher risk appetite than enterprises in other industries. They flourish via early-adopter cultures designed to stimulate creativity and collaboration, but the hyper-focus on innovation comes with a price tag. Cool stuff attracts hackers. Technology enables cutting-edge products but is also a source of vulnerabilities, feeding an expanding attack surface that becomes increasingly difficult to defend. Tech companies live under the constant threat of losing intellectual property, which can instantly diminish competitive advantage and threaten revenue.
Prioritise cybersecurity to block credit card fraud
Retailers handle billions of transactions every year, involving reams of consumer data and representing more than a trillion dollars in revenue. Retailers are known to focus more on increasing sales and less on security, opening vectors for potential breaches, exposing consumers to identity theft, and jeopardising brand perception. Hackers lurk in retailer networks, poised to pilfer consumer credit card and other PII data and resell it on the dark web. Malicious actors known as carders openly share compromised credentials, fraud methodologies, and hijacking and impersonation techniques, including how to monetise stolen credit cards to buy and resell gift cards. Once fraudsters tag a retailer as an easy target, security, and brand reputation suffer.
Safeguard patient privacy and health provider infrastructure
With the sophistication of attacks on the rise, and clinicians’ increased reliance on connected mobile and vulnerable IoT medical devices, risk to healthcare organizations has increased dramatically. Given the estimated 4.5 million electronic health records exposed last year, the industry’s defenses are no match for hackers. With an uptick in data breaches that compromise protected health information (PHI), the highly-regulated healthcare industry faces stiff penalties and potentially devastating long-term consequences.
Over 75% of the healthcare industry was infected with malware last year.
96% of all ransomware targeted medical treatment centers.
Continuously monitor the ecosystem, discover threats, and harden agency infrastructure
Government agencies continue to struggle with following security best practices, mounting effective defenses, and maintaining consistent cyberhealth. Constrained budgets limit the ability to effectively integrate vulnerable legacy infrastructure with often misconfigured emerging technologies. Hackers continue to take notice of weaknesses in the government ecosystem and remain poised to attack. At the same time, regulatory compliance pressure is on the rise, and agencies are mandated to implement and document effective vendor risk management programs.
Build a secure ecosystem
Cyber-attacks are increasing in frequency and severity. Data breaches are an inevitable cost of doing business in today’s digital economy, and ecosystem risk management is the smartest approach for minimizing impact. Savvy enterprises leverage the best threat intelligence data available to instantly assess and continuously monitor their own security posture as well as the cyberhealth of vendors and business partners across the ecosystem. Gain unprecedented visibility into vulnerabilities that have the power to disrupt business operations. Predict and remediate risk everywhere. Reduce threats against your business. Make smarter decisions.