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HIGH PERFORMANCE SECURITY REPORT 2016





Building confidence:


Solving banking’s cybersecurity conundrum

PERCEPTION VS. REALITY

How secure are banks and financial services firms? Turns out, many are
less secure than they think.


Our research uncovered a dangerous disconnect. Some 78 percent of
large enterprise security executives surveyed reported confidence in
their cybersecurity strategies, and 76 percent said cybersecurity is
embedded in the culture. But our report found these same banks
fending off 85 targeted breach attempts per year, on average—one
third of which are successful. This equates to 2 to 3
breaches each month
.

Bank

4 IN 5 BANKS ARE CONFIDENT 
THEY’RE PROTECTED



BUT 1 OF EVERY 3 CYBER
ATTACKS SUCCEEDS

REBOOTING YOUR CYBERSECURITY

To build better cybersecurity,
it’s time for banks to take a long,
hard look at their defenses.

The trick, as survey respondents admit, is that cybersecurity can be something of a black box: Banks don’t know what they don’t know. But they can begin to better assess the threats facing them—both internal and external—and to prioritize their investments. Our report offers strategies for assessing a bank’s cybersecurity approach, and for eliminating a dangerous disconnect.

Book

A TWO-PRONGED SOLUTION

To effectively resolve the cybersecurity disconnect, banks can adopt a strategy that is cross-functional, with multiple business lines owning their part of the solution.

In short, banks might need to adopt a more holistic solution. A two-pronged attack, combining cybersecurity assessment and attack simulation, can yield stronger results than individual strategies pursued independently.

Individually, cybersecurity assessment and attack simulation can deliver detailed insights with pinpoint accuracy. Combined, they are more powerful. Performed in parallel, these assessments highlight current and potential gaps—and help the bank prioritize and demonstrate, to all levels of leadership, the investments needed to deliver cybersecurity.

1

CYBERSECURITY ASSESSMENT

An evaluation of a bank’s existing cybersecurity measures

2

ATTACK SIMULATION

A real-world exercise that evaluates a bank’s response to incursion

ABOUT THE

 
STUDY

In 2016 Accenture surveyed 2,000 executives from 12 industries and 15 countries globally, including 275 executives from the Banking sector.

View Global Report

CONTACT THE AUTHORS

Chris E. Thompson

Senior Managing Director, Accenture
Security, Financial Services
North America

Mail to Chris E. Thompson. This opens a new window.    




David Pérez Lázaro

Managing Director, Accenture
Security, Financial Services
Africa and Latin America

E-mail    

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