With a 47% increase in just two years, it has become clear that insider threats are a growing problem. It is a danger that no organization is immune to, and leaders are well aware of this: two-thirds of organizations consider insider threats to be a bigger problem than external attacks.
"And financial services companies are especially vulnerable because they are a natural target, primarily due to the fact that the types of data collected within these organizations - financial and personal - tend to have a high resale value on the black market.
Considering this, it is no surprise that the financial services industry experiences more breaches as a result of internal threats than other market sectors..."
Even before COVID-19, SaaS-based productivity tools such as Microsoft 365 had been gaining market-share at a remarkable pace
"Today, with hundreds of millions of employees working from home, enterprises are turning to software as a service (SaaS), including Microsoft 365, like never before. In doing so, many companies are decommissioning their old email gateways and relying on the security that comes with the SaaS applications. However, as email is the most common transport mechanism for cyber-attacks, it is important that organizations ensure they have an advanced security posture.
Microsoft offers two security services for M365: Exchange Online Protection (EOP) and Advanced Threat Protection (ATP). These services have most of the features you need to secure your productivity infrastructure but poor detection marks both these security solutions. As a result, organizations are turning to Fortinet's Dynamic Cloud Security solutions, including FortiMail, to enhance and complement native capabilities within Microsoft 365 and better protect their journey to the cloud..."
The COVID-19 pandemic forced many businesses to rapidly enable most, if not all, of their employees to work from home
"But while the lights are off in corporate conference rooms and cubicles, on-premises data, applications, and servers are still serving critical business functions for organizations. Not only that, but all those remote workers still require secure access to the network resources. Despite these challenges, Fortinet was able to rapidly expand remote access without compromising security or productivity..."
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