Financial Services – IoT Vulnerability and Risk Management

Challenge

As cyberattacks on financial institutions increase, organizations struggle to sift through the noise and quickly identify and mitigate IoT device vulnerabilities and risks.

IoT device attack vectors

1 in 3

data breaches now involves an IoT device

IoT devices with exploitable vulnerabilities

50%

of IoT devices have critical vulnerabilities that hackers can exploit right now

IoT device default passwords

1 in 5

IoT devices still use default passwords, making them easy targets for cyber attacks

Solution

With Cylera, financial services organizations gain real-time vulnerability visibility and comprehensive risk insights for all IoT devices in their asset inventory.

A financial services industry IT security executive using a tablet to review real-time IoT vulnerability and risk insights identified by the Cylera platform.

Intelligence Enables Effective Financial IoT Device Risk Mitigation

"Cylera has transformed our approach to vulnerability and risk management. With their real-time visibility and comprehensive security insights, we can proactively detect and mitigate vulnerabilities and risks across all our IoT devices. Cylera has enabled us to significantly enhance our overall security posture."

Chief Information Security Officer

Leading Financial Services Firm

Proactively identify, prioritize, and mitigate financial services IoT device vulnerabilities and risks

A financial services industry IT security analyst reviewing prioritized IoT device vulnerabilities and risks using the Cylera’s platform’s advanced machine learning and real-time monitoring for accurate vulnerability and risk detection.

Screenshot Risk Mitigation Accurate Threat Detection 1

Accurate Vulnerability Detection

Cylera leverages advanced machine learning algorithms and real-time monitoring for fast, accurate IoT device vulnerability detection. This allows financial services organizations to quickly identify vulnerable IoT devices.

Real-World Risk Intelligence

Cylera uses machine learning and artificial intelligence to correlate IoT device vulnerabilities from multiple third-party sources (including the NIST NVD and IoT device manufacturer vulnerability databases). Cylera then combines this data with network behaviors and indicators of compromise to pinpoint financial services IoT device risks in real time.

A financial services industry security team reviewing live CCTV footage from building security management IoT devices that the Cylera platform tracks and then identifies IoT device risks in real time for using machine learning and vulnerability data from the NIST NVD and IoT device manufacturer vulnerability databases

Screenshot Risk Mitigation Risk Scoring With Prioritization 2

A financial services security team reviewing footage from CCTV camera, an IoT device tracked using Cylera’s platform.

Screenshot Risk Mitigation Mitigation Copilot 3

Risk Scoring with Prioritization

Cylera delivers highly accurate risk scoring and prioritization for financial services IoT devices based on vulnerability assessment results, device type, device behavioral analysis, device dependencies, usage telemetry, indicators of compromise (IOCs), and secondary controls. This helps focus mitigation efforts by reducing alert noise and shortening remediation lists.

Guided Remediation

Cylera provides precise, step-by-step remediation guidance tailored to each identified vulnerability and risk. This enables financial services security teams to address IoT devices risks quickly and with confidence. It also reduces errors and uncertainty and ensures all team members follow the same uniform security best practices.