FazalGR
25 posts
Jun 03, 2025
5:58 AM
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Financial services cybersecurity is crucial as cyber threats rise. RMM, MDR/XDR, and patch management help prevent fraud and ensure compliance. Learn how to protect your institution.
Cyber fraud is a growing concern for financial institutions and anyone working in the financial services sector, with cybercriminals targeting banks, credit unions, and investment firms at an alarming rate. Financial organizations are prime targets due to their sensitive customer data and large financial transactions and, with attacks becoming more sophisticated and often employing artificial intelligence (AI), traditional cyber risk management methods are quickly becoming inadequate. Access controls can do little to stop hackers from exploiting zero-day vulnerabilities and hidden security flaws.
To combat these threats, Remote Monitoring and Management (RMM) has become a vital tool in financial services cybersecurity. With continuous monitoring, real-time alerts, and automated patch management, RMM combined with certain Managed IT Services like PSA software strengthens IT security, detects fraudulent activities, and helps financial institutions stay compliant with SOX, PCI DSS, and GLBA regulations.
Also Read: What is SHA256 Encryption: How it Works and Applications
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