DataguardNXT: Advanced Vulnerability Management for the Banking and Financial Sector
Oskar May 27,
2024
Cyberattacks are a major threat to financial institutions, costing banks an average of $18.3 million per
attack. In today's world, where data is more valuable than ever, protecting customer information is
critical.
Financial institutions have a responsibility to safeguard billions of dollars and the financial well-being
of millions of people.
The Need for Robust Cybersecurity
The G20 has warned that cyberattacks could undermine financial stability. According to the Boston
Consulting Group, financial firms are 300 times more likely to experience
cyberattacks than other institutions. To protect themselves, banks must implement effective IT security
measures.
Impact of Cyberattacks on Banks
- Monetary Loss : Cyberattacks can damage systems and steal financial resources, leading
to significant losses.
- Loss of Trust and Reputation: Data breaches can erode customer trust and damage a
bank's reputation.
- Facility Disruption: Cyberattacks can take down network systems, disrupting banking
operations and halting transactions.
- Loss of Confidentiality: Utilize Acronis' extensive network of global data centers to
ensure compliance with regional data sovereignty laws, providing peace of mind and regulatory adherence.
- Hefty Regulatory Fines:PCI DSS (Payment Card Industry Data Security Standard) mandates
a variety of security controls for organizations that handle financial transactions. Non-compliance with
PCI can result in hefty fines.
DataguardNXT: Continuous, Automated Vulnerability Management
DataguardNXT offers a continuous, automated, and advanced vulnerability management solution to help banks
and financial organizations prevent cyberattacks and achieve continuous security risk and compliance. Our
solution provides IT security
teams with complete visibility and control over their attack surface, enabling them to go beyond traditional
vulnerability management practices.
Benefits of DataguardNXT
- Achieve and Maintain PCI Compliance: DataguardNXT helps you identify and harden non-compliant
devices to achieve and maintain PCI compliance. You can run real-time compliance scans, fix deviations and
misconfigurations, and generate audit-ready reports.
- Automate Vulnerability Management: Save time and effort by automating tasks such as scanning and
deployment. DataguardNXT makes vulnerability management a hands-free process.
- Gain Continuous Visibility: Continuously scan your IT assets to gain complete visibility over
your computing environment. Monitor your infrastructure, control hardware and software inventory, and
detect malicious IT assets.
- Reduce Risk with Real-time Threat Detection: DataguardNXT continuously detects and assesses
vulnerabilities and security risks in real-time using the industry's fastest vulnerability scans and a
comprehensive security intelligence library.
- Remediate Risks and Eliminate Attack Surface: Remediate vulnerabilities on time with integrated
patching for major operating systems and third-party applications. DataguardNXT goes beyond patching to
offer additional remediation controls such as monitoring endpoint security metrics, managing system
health, and applying security controls.
