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Business Strategy: The Use of Advanced Analytics in Cyberthreat Detection and Prevention, 2016

Business Strategy: The Use of Advanced Analytics in Cyberthreat Detection and Prevention, 2016

This IDC Financial Insights report takes a look at the challenges and opportunities that firms face in cyberthreat detection and prevention. A myriad of bad actors including criminals, hacktivists, and nation state-sponsored organizations continue to target financial firms to get funds and sensitive information. IDC Financial Insights recommends that financial firms and market participants invest in advanced analytics and risk-based transaction and identity monitoring to uncover patterns, relationships, and anomalies that could be signs of cyberattacks or cyberthreat attempts.Bill Fearnley, research director, IDC Financial Insights, reports, "Cyberthreats such as ransomware, phishing, stolen credentials, and exfiltration are all threats that are constantly changing. And bad actors are getting more and more aggressive, and financial services firms need to balance improved security with a good experience for their customers. Risk-based analytics and collaborating with other financial firms can help firms of all sizes stay ahead of existing and emerging threats."


IDC Financial Insights Opinion
In This Study
Situation Overview
Ransomware
Stolen Credentials
Malware
Phishing and Spear Phishing
Third-Party Risks
The Approach
Prevent
Detect
Respond
Learn
Predict
Future Outlook
Essential Guidance
Actions to Consider
Learn More
Related Research
Synopsis

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