Discover the complete data protection portfolio for Banking & Finance
Digital services and full-time online availability are essential in the banking & financial industry. But as digitalization continues to extend into every area of financial services, so do the possibilities and skills of attackers concerning frauds and phishing attacks.
Not surprisingly, the financial services industry is one of the most targeted industries for cybercrimes. In such cases, attackers focus on highly sensitive financial data like credit card data, causing the average total cost of a data breach in this industry being calculated to 5.72 million US dollars.*
To protect personal customer and business data, Utimaco offers a complete portfolio from data encryption, cryptographic operations for payment transactions, key management, to identity management.
*Source: IBM Cost of a Data Breach Report 2021, conducted by the Ponemom Institute