In today’s hyper-connected economy, financial institutions operate across cloud systems, digital payment networks, and third-party integrations — forming the nerve center of global commerce. But with this connectivity comes unprecedented exposure to cyber risk.
From ransomware and insider threats to compliance violations, financial organizations face an expanding threat landscape where a single breach can cost millions, disrupt operations, and erode customer trust.
Recent reports show that the BFSI sector now accounts for over 18% of global cyber attacks, with ransomware incidents rising 72% year-over-year. Data breaches in finance cost an average of $5.9 million per incident, among the highest of any industry.
To stay resilient, forward-thinking financial leaders are adopting AI-driven cybersecurity — led by Seceon’s Open Threat Management (OTM) platform — which unifies detection, response, and compliance across hybrid digital ecosystems.
Download Full Whitepaper: https://info.seceon.com/whitepaper-reinventing-cybersecurity-in-australian-finance
The financial sector faces increasingly sophisticated attacks targeting the very core of digital operations:
Attackers leverage AI-powered malware to encrypt financial data and extort payment. Core banking systems, SWIFT connections, and customer databases are frequent targets.
Roughly 26% of financial breaches stem from insider activities or stolen credentials. Employees or vendors with privileged access can unintentionally or maliciously expose sensitive data.
As fintech ecosystems expand, cybercriminals exploit third-party vulnerabilities. Compromise in one vendor’s API or payment processor can cascade across multiple institutions.
Targeted phishing campaigns exploit employees and executives alike. BEC alone led to over $3 billion in global losses in 2023, often initiating deeper breaches.
With 80% of financial workloads now in hybrid clouds, misconfigured storage or APIs expose customer data and violate regulatory compliance.
Each of these threats has the potential to disrupt financial continuity, undermine compliance mandates, and erode public confidence.
Legacy security tools — from firewalls to SIEMs — struggle to protect today’s multi-layered financial infrastructure.
The financial sector needs an intelligent, automated, and unified approach — built for modern risk management.
Seceon’s Open Threat Management (OTM) platform delivers end-to-end visibility, detection, and response across IT, cloud, and application ecosystems — providing unified protection for financial operations.
Seceon’s unsupervised ML models learn normal behavior across accounts, transactions, and endpoints — detecting anomalies that indicate fraud, ransomware, or credential abuse.
DTM continuously profiles every user, API, and financial service — flagging suspicious deviations such as unusual data transfers or login patterns.
When threats arise, Seceon OTM automatically:
From mobile banking to backend systems — Seceon provides a single pane of glass view across endpoints, servers, APIs, and transaction flows.
Automated evidence collection and mapping to PCI-DSS, SOX, GLBA, and GDPR frameworks simplify audit readiness and reporting.
| Metric | Before Seceon | After Seceon |
| Security Incidents (monthly) | 48 | 4 |
| Mean Time to Detect (MTTD) | ~180 days | ~2 hours |
| Compliance Audit Preparation | Weeks | Minutes |
| Fraudulent Transaction Rate | 2.5% | 0.3% |
Results:
96% fewer security incidents
178 days faster threat detection
$2.5 million average savings per breach prevented
310% ROI within three years
Global Investment Bank:
Deployed Seceon OTM across 12 data centers and clouds — achieving 97% reduction in incident response time and seamless PCI and SOX compliance.
Fintech Payment Provider:
Used Seceon to monitor API traffic and detect fraudulent patterns in real time — cutting financial losses by 68% and reducing alert fatigue by 70%.
Seceon transforms financial cybersecurity from a reactive safeguard into a strategic growth enabler.
In a world where digital finance underpins every economy, cyber resilience is non-negotiable.
With Seceon’s AI-driven OTM platform, financial institutions can detect, contain, and neutralize threats within seconds — protecting customer trust, regulatory standing, and business continuity.Protect your digital finance ecosystem. Secure your future.
Learn how Seceon is redefining cybersecurity for the global financial sector.
