Financial services are one of the best-performing sectors in terms of cybersecurity. BitSight analyzed the data to pinpoint a handful of basic facts, ideas, and principles that make the financial sector so successful at cybersecurity, and outlined those “pillars” below.

Pillar #1: You Have To Meet The Expectations Of Regulations (And Beyond).

Financial services is a regulated sector—and regardless of your feelings on regulation, it does get some interesting results. When you know that someone is holding you accountable and that this party has the authority to fine or potentially shut you down, you know you have to take action. Thus, financial service organizations typically have implemented proper protections and risk management solutions, invested in the right technologies, and hired the best talent.

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