This episode is sponsored by “Selling to the New Executive Buying Committee,” an Acceleration Economy Course designed to help vendors, partners, and buyers understand the shifting sands of how mid-market and enterprise CXOs are making purchase decisions to modernize technology.
00:31 — A new report from Lookout explores why the financial services industry needs to rethink its security posture. Based on surveys of 365 IT and security leaders, 70% of respondents reported a notable increase in data breaches.
00:50 — Challenges highlighted in the report focused on adapting to hybrid infrastructure and work models, disparate security tools, and data sprawl in the cloud.
01:10 — 47% of those surveyed struggle with increased difficulty of detecting and mitigating threats, while 18% face a significant lack of control over their applications and data. 55% are facing challenges in achieving effective data protection in multi-tool and multi-vendor environments.
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01:30 — 52% of organizations struggle with inadequate access controls and, of those surveyed, 82% have a hybrid infrastructure adding to the complexity. Lookout recommendations that financial services firms adapt their approaches to safeguard valuable data without compromising productivity gains offered by the cloud.