Issue link: https://resources.genetec.com/i/1249944
How the banking industry is evolving Shifting threat landscape Cybersecurity attacks are growing in frequency and sophistication, and banks are amongst the first to be targeted. The results are extremely costly to both revenue and reputation: in 2017, banks lost $16.8 billion to cybercriminals. As technology becomes more interconnected, unencrypted communications or a poorly secured camera can become a gateway to your data. As you begin to modernize and embrace new technologies to help secure your sensitive data, you risk introducing new vulnerabilities. Does your security system provide the tools you need to build a security strategy that protects against both physical and cyber threats? Cross-functional optimization Security and IT teams are under pressure to make deeper cost cuts as they embrace digital banking. Upgrading to a modern technology system can be costly, and these decisions now involve more teams than ever before. As you leverage technology to help mitigate risk, your systems of choice need to provide clear efficiency and scalability gains across multiple departments to secure company buy-in. Does your security system provide operational insights to optimize efficiency across teams, from IT to operations? Branch transformation and big data Branches are shifting their services from transactions to customer interactions, serving as financial advisors to customers who expect a frictionless and secure experience. To enhance the customer experience, you first need to understand it, and this requires data. Your security system sits on a warehouse of data that can't be extracted if it's stuck in silos. Your ability to make sense of, and properly utilize your data to provide customer insights and improve branch operations is critical to stay ahead of the competition. How do you secure, access, and make sense of all this data if it is siloed in different systems that weren't designed to work together?