Bfsi Security Market: Global Industry Analysis and Forecast 2016 - 2024

BFSI Security Market: Global Industry Analysis and Forecast
2016 - 2024

Persistence Market Research

BFSI Security Market: Global Industry
Analysis and Forecast 2016 - 2024

Persistence Market Research

1

BFSI Security Market: Global Industry Analysis and Forecast
2016 - 2024
Persistence Market Research Released New Market Report on “BFSI Security Market: Global
Industry Analysis and Forecast 2016 - 2024”.
In past one decade, electronic banking platforms have been implemented as an ever more
efficient channel through which banking transactions can be executed without having to leave
house or office. These home banking transactions are done from web based applications that
are exposed over internet, making users a very appealing target of hackers. Apart from this, the
banking and financial industry is continuously witnessing global terrorism, physical risk, cybercrimes, and espionage that are exposing the hole in critical infrastructure. Due to the increase in
cyber-crimes, security of sensitive data is at stack. These sensitive data includes, personably
identifiable information, personal banking details, commercial banking details, and confidential
corporate information.
Bank and financial institutions runs in highly regulated environment. In several cases, security
incidents occur because of non-compliance to various standards. If this happens, the
consequences are severe. So, there is growing need of BFSI security to ensure the long term
visibility of banking and financial organizations and their data. BFSI security includes security of
cyber security and physical security of banking and financial organizations.
In today’s ever changing world of information technology, banking and financial organizations
are facing increased data theft and unauthorized access. The leakage of a company’s
confidential data on financials, customer base, and strategies can hamper their brand image. In
BFSI sector, there is always existence of both internal and external threats...