Zero Trust Powered by Isolation is the only Way to Secure Work.
I had a great opportunity to chat with Tom Field of Information Security Media Group (ISMG) last month about Zero Trust. He wanted to know how Menlo enables this new way of thinking about cybersecurity and how our isolation approach can be applied in the mature financial services sector.
Nimble but Smaller FSIs Adapt to Change Quickly, but Have Fewer Resources
Not every financial service institution (FSI) is the size of a global bank with hundreds of thousands of workers. Frequently, boutique investment firms, insurance providers, and regional or local banks have only a fraction of the workers of their larger counterparts.
FSIs Are Under Siege
Large financial services institutions (FSIs) supporting thousands of workers have had to accelerate their plans for remote working since March 2020.
In our conversations with FSIs during that period, various themes have emerged that tell a story of an industry at war on multiple fronts and why their security strategies against cyberthreats might not be enough.
Exhibiting at the recent FS-ISAC Annual Summit 2017 at the Dolphin Convention Center (which could have doubled as a meat locker at times because it was so cold, while other times it could have been a large sauna it was so hot and steamy!), there was a mini-monsoon outside at one point. It was like Mother Nature was mimicking the downpour of cyber attacks confronting the financial services players at the event. It was a deluge!
FS-ISAC Annual Summit 2017
Credit unions, community banks, and global financial services firms have one thing in common – ransomware risk. We have seen a significant uptick in Menlo Security Isolation Platform (MSIP) deployments across the financial sector to address this risk and other threats. This week, our team is at the Credit Union National Association Technology Council Conference (#techopss2016, @CUNA) talking about how isolation can prevent ransomware.