The transformation of financial services through open banking and digital innovation has created an unprecedented expansion in attack surfaces at financial institutions, insurance carriers, and other financial services firms. In response to these challenges, modern WAAP solutions have evolved beyond reactive security measures to incorporate sophisticated artificial intelligence (AI)-powered capabilities.
This report provides an overview of WAAP security requirements tailored to the sector’s unique operational and regulatory environment: the evolving threat landscape specific to financial services, AI trends and implementations that threat actors use to harvest data, and the technical features of modern WAAP solutions. It is based on a combination of research and primary data collection, including a survey of 100 cyber-risk leaders at global FIs and insurers, as well as a review of government agency threat intelligence data, regulatory agency rules, legal mandates, the FDX API standard, vendor product briefs, and previous Datos Insights market analyses.
Clients of Datos Insights’ Cybersecurity service can download this report.
This report mentions MITRE, the FBI’s Internet Crime Complaint Center (IC3), and the Verizon Data Breach Investigations Report (DBIR).
About the Author
