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Global Fintech Series
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Why Network Traffic Monitoring is Essential for Robust Cybersecurity in Financial Services
- Network traffic monitoring has become a strategic imperative for financial services firms to maintain reliability, security and regulatory compliance.
- Financial data is an attractive target for cybercriminals, making network traffic monitoring an essential safeguard for the integrity of the financial ecosystem.
- For financial institutions, network traffic monitoring prevents costly outages and shields against security breaches with proactive oversight and detection of bottlenecks, bandwidth constraints, and unusual activity.
- With numerous specialized security monitoring solutions available, banks are equipped to tackle various network management and security demands addressing resource and expertise limitations, balancing time constraints and competing responsibilities, and adapting to stringent regulatory requirements.
- Banks increasingly invest in integrated monitoring tools for patch management, antivirus monitoring, performance monitoring, alert systems, and remote monitoring and management (RMM) tools.
- Banca Marche implemented WhatsUp Gold for seamless network performance and real-time monitoring capabilities, enabling the bank to transition from a reactive to a proactive approach, managing approximately 2,500 endpoints with greater agility and accuracy.
- Financial institutions undergoing rapid digitization of services are exposed to increasingly sophisticated cyber threats such as ransomware, phishing, and insider attacks, requiring a dynamic approach to cybersecurity.
- The rapid digitization of financial services expands the attack surface, exposing institutions to increasingly sophisticated cyber threats such as ransomware, phishing, and insider attacks.
- Financial institutions manage vast amounts of sensitive data, making them attractive targets for cybercriminals seeking financial gain.
- Monitoring tools like Intermapper empower IT teams to respond swiftly, minimizing risks to network reliability and security and some of the world's leading high-frequency trading operations depend on Intermapper to maintain uninterrupted network performance.
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