Internet Risk Surface in the Finance Sector Report

Risk management is the foundation upon which financial institutions are built. Recognizing risk in all its forms is critical to success. But has every firm achieved that goal? It doesn’t take in-depth research beyond the myriad of breach headlines to answer that question.

But many important questions remain: What are the key dimensions of the financial sector Internet risk surface? How does that surface compare to other sectors? Which specific industries within Financial Services appear to be managing that risk better than others? We take up these questions and more in this report.

Key findings include:

The rate of severe findings in cloud-based assets is 3.5x higher than on-prem assets
Credit unions have the highest rate of critical exposures among Banking Institutions
The rate of severe findings in the smallest commercial banks is 4x higher than that of the largest banks

You rely on your third- and fourth-party vendors to do business, but those vendors also pose risk to your enterprise’s sensitive data. RiskRecon gives you accurate, non-invasive visibility into your vendors’ security postures and then ranks vulnerabilities in order of priority so you know which issues to tackle first.

With our third-party cyber risk assessments, you’ll also be provided with custom-fitted risk action plans so you can immediately start engaging with your vendor for remediation. And if a vendor’s cyber risk degrades or an element falls out of policy, you’ll be notified instantly.