Swimlane Launches First of Its Kind Security Automation Ecosystem to Protect Financial Institutions>
CIO Influeuce – Business Wire
A recent Omdia report highlights that 97% of financial organizations are planning to adopt security automation to address the increasing cybersecurity pressures they face.
In response to this, Swimlane, an AI-enabled security automation company, has launched a security automation partner ecosystem specifically tailored for the finance industry.
Financial services customers can now leverage Swimlane’s low-code security automation capabilities within and outside their security operations center (SOC) to automate fraud protection, compliance, and transaction and credit line monitoring.
The report reveals the unique cybersecurity challenges faced by the finance industry, including the sensitivity of data, compliance and regulatory requirements, and fraud.
Financial organizations often struggle with the complexity of their security landscape, with a high number of standalone security products leading to difficulties in defending against cyberattacks.
The report highlights that 42% of financial organizations experienced at least one breach in the past 12 months, costing them at least $1 million.
Recognizing the need for enhanced security automation solutions, financial institutions are increasingly investing in this area, with 97% planning to adopt security automation.
Swimlane’s partner ecosystem addresses these challenges by focusing on compliance, external threat landscape visibility and monitoring, and fraud protection.
Through strategic partnerships, Swimlane offers automation for continuous compliance enforcement, external threat management, and streamlined fraud investigation.
The aim of Swimlane’s ecosystem is to empower financial institutions to proactively tackle their cybersecurity challenges and establish a company-wide system of record.
This initiative is driven by the understanding that the financial services industry requires best-of-breed solutions and integrations from subject matter experts to effectively protect against the high cost and frequency of cybersecurity breaches.
By leveraging Swimlane’s platform, financial organizations can gain real-time visibility into fraud and security threats, improve collaboration among teams, and ultimately reduce risk.
The adoption of security automation can provide financial institutions with valuable time to respond to attacks and strengthen their overall security posture.
Link: https://cioinfluence.com/security/swimlane-launches-first-of-its-kind-security-automation-ecosystem-to-protect-financial-institutions/