Banking

September 23, 2021

9

Written By Stephen Cardot

GenAI Security for Banking Infrastructure

Financial services and banking institutions have long been prime targets for cyber attacks for a simple reason – where there’s money, there’s money to be made. According to a study conducted by the Federal Reserve Bank, companies in this sector are 300x times more at risk for data security threats than any other industry. Knowing this, a mid-sized Midwest-based bank knew they needed to implement a comprehensive network security strategy – and they needed to do it with a lack of staff and budget.

CloudCover’s CyberSafety Platform gave them instant GenAI security without needing to augment with additional staff – offering protection from ransomware and blocking over 11,000 threats and viruses in the first two weeks of implementation.

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About Stephen Cardot

Veteran IT developer with 28 years’ experience in designing robust, scalable solutions. Patent author of real-time risk scoring and data insurance. Believes sub-second risk control and incremental risk transfer are the future of cyber safety and security.

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