The financial services industry has seen its share of cybersecurity breaches this year, with attacks like the Equifax hack affecting approximately 143 million U.S. consumers. And if we’ve learned anything from the largest breach in U.S. history, it’s that the industry must move towards smarter cybersecurity practices in order to confront and prevent cyberattacks sooner.

As Tom Gilbert, CTO, Blue Ridge Networks says, “While the number of breaches continues to increase, organizations are realizing that one product alone won’t be the holy grail of cybersecurity defense.” Because attacks are becoming more targeted and sophisticated than ever before, financial services organizations are turning to a defense in depth strategy, “to protect against the many different attack vectors that are being used today, and multiply their cyber defense exponentially,” Gilbert adds.

Source: https://www.financialtechnologytoday.com/defense-depth-strategy-provides-financial-services-protection-needed-cyber-attacks/