Cybersecurity threats are on the rise and only getting more dangerous for financial institutions. It seems every day there’s a new headline about another data breach. And it’s no longer only large financial organizations that must be concerned. Recent incidents have shown that small and medium-size institutions are also highly vulnerable to today’s threats, and the impact can be enormous.
If infected by ransomware, you may be forced to pay tens of thousands of dollars to get your data back. The average cost for financial organizations per record lost or stolen in a breach is $336, many financial institutions may not survive such an event.
However, most organizations lack the technology or personnel to even detect these emerging cybersecurity threats. Studies show the average time between a data breach and discovery is 205 days – that’s over 7 months!
Simply implementing security tools such as firewalls or anti-virus isn’t enough.
Check our our white paper on: Financial Institution Cybersecurity
My passion is to be a positive force that empowers businesses to achieve more through technology. I have over 30 years of experience of staying a head of the curve by finding innovative ways to empower businesses with the right technology solutions to become leaders in their industry. I built CTECH as an extension of that vision. Every day, my staff work and live in the environment where anyone, anywhere, on any device, at anytime can securely access any information and communicate/collaborate with anyone.