Cyberattacks on financial institutions are becoming more prevalent. Some media reports suggest that more malware was targeted at banks in 2019 than any other industry. Cyberattacks are also becoming diverse, ranging from simple phishing attacks to complex attempts to access credit cards and bank accounts. 

This is hardly news anymore though, banks, by the very nature of what they handle, make an attractive threat. But what is concerning is the increasing number of ways in which cyber and physical security threats converge. Integrated digitalized solutions for operational, as well as security purposes, are increasingly becoming a norm across industries. The downside of it all is this emerging security threat.

In this article, we take a look at the new kinds of security threats that customers in the banking vertical should be aware of in 2020, how these can be mitigated with a proper framework, the role of systems integrators and how the right solutions can be used in the right ways.

Companies in this report:

• Axis Communications
• Convergint
• Honeywell Commercial Security
• IDIS