Saurabh Singh, Solutions Engineer India, CyberArk

In this video:
Saurabh Singh, Solutions Engineer India, CyberArk

Topic: Identity Security in BFSI: From Threats to Triumphs

Key Highlights:
[1] 53% of organizations lack a complete picture of privileged access for both human and non-human identities within their systems, leaving them vulnerable to various security threats. Without this visibility, it’s nearly impossible to secure the entire network.

[2] A staggering 93% of organizations report negative impacts from AI adoption in SaaS solutions, highlighting the risk factor associated with integrating new technologies. AI is a double-edged sword that requires careful consideration of security and governance.

[3] Even with advanced security systems in place, a compromised credential or privileged access continues to haunt an organization’s security posture, emphasizing the need for continuous monitoring and adaptive security strategies.

[4] The BFSI industry’s reliance on outdated access management and identity governance solutions, often siloed and inefficient, leaves critical vulnerabilities exposed, making organizations prime targets for sophisticated cyberattacks.

[5] CyberArk is transforming the security landscape by breaking the status quo with a security-first approach. By governing all identities from a single platform, it enables organizations to stay a step ahead of attackers, ensuring robust protection against evolving threats.