Third annual CyberTech100 list announces the tech companies helping financial institutions combat the latest cyber threats
The 2022 CyberTech100 was launched today by specialist research firm FinTech Global. The prestigious list recognises the world’s most innovative solution providers helping financial services firms fight off cyber attacks, protect customer information and mitigate digital risks. The CyberTech industry for financial services has grown dramatically over the last couple of years as operations are increasingly moving to the cloud and organisations expand their spending on securing their digital infrastructure. With an average cost of $5.72m per data breach, the majority of financial institutions are projected to increase their security budgets even further. As a result, this year’s process to identify the leading 100 companies in the CyberTech space was more competitive than ever. A panel of analysts and industry experts voted from a list of over 1,000 businesses. The finalists were awarded a place on the list for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the security value chain.
“Financial institutions are 300 times more likely to be the target of a cyber attack compared to other companies. As such security executives in financial services must stay on top of the latest innovation and threats in the market to proactively prevent data breaches and avoid reputational damage,” said Richard Sachar, director at FinTech Global. “The CyberTech100 list helps them do just that by identifying the top new technologies which can be part of an integrated cybersecurity risk management strategy.”
Full list of the CyberTech100 and detailed information about each company is available to download at www.CyberTech100.com.