How financial services can reduce costs and empower IT teams

Summary

93% of financial services report that their organizations have faced a breach in the last two years.1

Additionally, U.S. banks and financial institutions have processed more than $1 billion in potential ransomware-related payments.2

How can the industry implement and maintain best-in-class identity security while lowering costs and streamlining IT processes?

It’s essential for banks and financial services to maintain customer trust by protecting sensitive data through a robust identity security program.

Manually managing identity-related tasks can be very costly in terms of administrative inefficiencies, and productivity losses. Additionally, a litany of manual tasks can lead to rubberstamping and data breaches. It’s time to eliminate manual tasks and automate identity security.

• Use AI to modernize security programs and reduce breaches
• Reduce compliance time and costs
• Provide secure access on Day 1
• Lower operational costs and increase employee productivity

References

1. https://www.sailpoint.com/identity-library/identity-security-financial-services/
2. https://www.cnn.com/2022/11/01/politics/us-banks-ransomware-payments-2021/index.html