FinTech institutions are facing more cybersecurity threats than ever before, but many remain poorly equipped to deal with them. In many startups, cybercrime is seen as a risk of doing business and is typically tackled through mitigation, governance, and compliance processes. Cyber risk analytics is a more direct approach to cybersecurity. It provides a data-driven methodology that turns potential risks (and their costs) into real, measurable metrics.
There are many benefits for financial institutions in implementing cyber risk analytics. Security professionals are able to show real-world ROI in their work, and executives are able to gain a much deeper insight into the risk landscape they face.
