The digital shift is creating security challenges for the FSI. Learn how Synopsys tools and services can help get your security program back on track. Banking isn’t what it used to be—which means banking security can’t be what it used to be either. Keeping customers’ assets safe is no longer a matter of locking the massive door of a vault and keeping watch with some security cameras. The threats to security come from computer keystrokes, not masked men with guns.

Cybersecurity specialists have noticed several troubling trends over the past year, ransomware being one of the most concerning. While this is far from a new issue, it’s now more common than ever before. Every month in Q2 2021 set a new record for ransomware attempts, contributing to a 151% year-over-year increase compared to 2020. Cybercrime has risen in the past year, but ransomware attacks are outpacing other forms.

Extended Detection and Response (XDR) is the latest buzz word in the security industry and garnering significant attention. Industry analysts each have their own definition. Meanwhile, security vendors are quickly jumping on the bandwagon, recasting their products as XDR solutions. And it’s safe to assume many more will unveil XDR products in the months ahead.

Healthcare organizations still seem to think that blocking all access to unapproved cloud storage or cloud collaboration tools means that they’re preventing leakage of sensitive information. But as the old saying goes, “Data flows like water.” Eventually, it’s going to find the holes and escape. Even if a healthcare IT system has water-tight data controls, that’s not the only goal within the organization—and not even the most important one.