In episode 90 of the Acceleration Economy Minute, Kieron Allen discusses new financial services industry cybersecurity data from Lookout, which is on our Top 10 Shortlist of Cybersecurity Enablers.
This episode is sponsored by “Selling to the New Executive Buying Committee,” an Acceleration Economy Course designed to help vendors, partners, and buyers understand the shifting sands of how mid-market and enterprise CXOs are making purchase decisions to modernize technology.
Highlights
00:31 — A new report from Lookout explores why the financial services industry needs to rethink its security posture. Based on surveys of 365 IT and security leaders, 70% of respondents reported a notable increase in data breaches.
00:50 — Challenges highlighted in the report focused on adapting to hybrid infrastructure and work models, disparate security tools, and data sprawl in the cloud.
01:10 — 47% of those surveyed struggle with increased difficulty of detecting and mitigating threats, while 18% face a significant lack of control over their applications and data. 55% are facing challenges in achieving effective data protection in multi-tool and multi-vendor environments.
Which companies are the most important vendors in cybersecurity? Check out
the Acceleration Economy Cybersecurity
Top 10 Shortlist.
01:30 — 52% of organizations struggle with inadequate access controls and, of those surveyed, 82% have a hybrid infrastructure adding to the complexity. Lookout recommendations that financial services firms adapt their approaches to safeguard valuable data without compromising productivity gains offered by the cloud.
