(February 11, 2025)
Financial institutions face increasing cyber threats due to fragmented security infrastructures, managing an average of 83 security tools across multiple vendors. A report by IBM and Palo Alto Networks highlights that this complexity leads to inefficiencies, costing organizations up to 5% of annual revenue and increasing risks like data breaches and AI project delays. To address these challenges, 75% of organizations are shifting to platform-based security models that integrate cybersecurity, hybrid cloud, and AI for better efficiency and protection. Experts emphasize the need for financial institutions to balance innovation, compliance, and security investments to ensure long-term resilience.
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