m&a tools for comprehensive market analysis and competitor research

Security of data and smart investments are a perfect match to ensure safety for businesses and build trust between the business and its customers. Although it can be tempting to reduce cybersecurity spending during times of economic uncertainty, a pound of prevention is more than a pound of cure – and it’s far cheaper to invest in preventative measures rather than paying for cleanup and recovery.

Investment banks typically have sophisticated security systems in place, including firewalls and anti virus software. However, it is important to remember that a successful cybersecurity plan requires much more than these tools. It also includes best practices such as allowing access to sensitive information only on a need-to-know basis security, encryption, and authentication. Furthermore, it is essential that financial institutions comprehend the importance of investing in a human firewall because nearly 90% of data breaches result from employee error.

In addition to protecting themselves from potential cyberattacks Investment banks can boost their security measures through the use of technologies like blockchain. This technology boosts security by encrypting data at rest and in transit which makes it impossible to read for anyone who is not authorized to use it. It also lets businesses track their assets and secure them, helping them to prevent data loss and other negative outcomes.

Many financial institutions struggle with the fear that sensitive information on investors or customers could be lost. This can happen when employees take work devices out of the office, take part in offsite meetings, or even opt to work from home. With the help of solutions like DLP, investment banks are able to enforce their data protection policies regardless of whether the device is connected to the company network, a public or home WiFi, or is not connected to the Internet at all.