Financial organizations receive an average of 2200+ application security vulnerability alerts ev…>
IT Voice – Sherwin Shaju
The Global CISO Regional Bank 2023 Report by Dynatrace reveals significant application security vulnerabilities in the financial services industry.
Despite multilayered cybersecurity frameworks, there are gaps that allow vulnerabilities to enter production, with only 6% of financial organizations having real-time visibility into runtime vulnerabilities.
Key points include:
– Financial institutions face increased risks due to dynamic multi-cloud environments, cloud-native architectures, and open-source code libraries.
– Security teams are overwhelmed with alerts, many of which are false positives or low priority, leading to challenges in prioritizing vulnerabilities.
– Effective vulnerability management requires the integration of observability and security solutions, leveraging automation and AI for accurate, real-time responses and prioritization of fixes.
– Dynatrace emphasizes the necessity for a dynamic, automated approach to application security, particularly for regional banks adapting to customer demands and new technologies.
Link: https://www.itvoice.in/financial-organizations-receive-an-average-of-2200-application-security-vulnerability-alerts-every-month-dynatrace-ciso-regional-bank-2023-report