Ransomware Defense in Financial Services: Retreating From the Cloud

More and more attackers are using ransomware as a final step in multi-staged attacks; defense, then, requires layers

Boston, MA (Aug. 12, 2020) – There are two kinds of organizations: those that have endured a ransomware attack and those that likely will. In each case, weathering the storm is a matter of preparation, which, as in most things, is easier said than done. Here’s why: There is no single technology that prevents ransomware, and there are many kinds of ransomware attacks.

This Aite Group report explores some of the most critical defenses an organization can put in place and profiles 16 vendors: BlackBerry, Broadcom, Bufferzone, Cisco, CrowdStrike, Cybereason, FireEye, Microsoft, Morphisec, Nyotron, Panda Security, Proofpoint, SentinelOne, Tanium, Virsec, and VMware. To form the basis of this report, Aite Group spoke with 11 security executives representing both midsize financial services organizations and several of the largest banks in the world as well as 15 of the 16 technology vendors profiled in this report.

This 31-page Impact Report contains one table. Clients of Aite Group’s Cybersecurity service can download this report and the Executive Impact Deck.

Click here for the online summary or to download the table of contents.

This report mentions IBM, Verizon, and Verodin.

About Aite Group

Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us at www.aitegroup.com.

Source: Aite Group

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