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1、W H I T E PA P E RSecuring Financial Services with Comprehensive Compliance and R|2The financial services industry faces constant pressure to evolve,driven by innovation and an ever-tightening regulatory landscape.On one hand,digital innovation presents immense opportunities for enhanced customer ex
2、perience and a competitive edge.On the other hand,increased regulatory scrutiny,stricter enforcement actions,and reduced compliance timelines challenge institutions to maintain compliance without compromising security.Digital evolution has also expanded the attack surface,exposing financial institut
3、ions to complex cyberthreats.These challenges are compounded by limited visibility into their infrastructure,applications,assets,and users.In such an environment,institutions must find proactive ways to adapt while ensuring the safety and resilience of their operations.Cybersecurity strategies for e
4、merging risks and evolving |3In recent years,the evolving threat landscape and increasing complexity of cyberattacks have led to the introduction of new regulatory frameworks aimed at bolstering the cybersecurity and operational resilience of financial institutions.Regulations such as the EUs Digita
5、l Operational Resilience Act(DORA)and the Network and Information Security Directive(NIS2)have placed a renewed focus on safeguarding critical financial infrastructure and ensuring that institutions can withstand,respond to,and recover from cyber incidents.Additionally,frameworks such as the Payment
6、 Card Industry Data Security Standard(PCI DSS)and the General Data Protection Regulation(GDPR)have heightened the importance of protecting customer data and maintaining robust security controls across all digital interactions.These regulatory demands create a challenging environment for financial in