Cybersecurity in Banking – Thematic Research

Pages: 61 Published: June 30, 2022 Report Code: GDRB-TR-S049

Cybersecurity is the body of technologies, processes, and practices designed to protect networks, computers, programs, and electronic data from attack. Cybersecurity in banking has become more important than ever as the rapid evolution of digital banking has resulted in customers finding it more convenient to manage their finances through online channels, exposing banks and financial institutions to increased levels of cyber threats. To fend off cybercriminals, banking providers are looking to utilize newer and more advanced security infrastructure and services.


Banking is a highly targeted sector for cyberattacks. The reasons the sector is prone to growing cyberattacks include increasing use of digital channels to compete with fintech companies as well as the growth in digital currencies.

According to GlobalData estimates, the global cybersecurity industry in the retail banking sector will grow from $7.9 billion in 2020 to $11.6 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%.

Banks are unleashing the power of digital technologies to predict and prevent cyberattacks before they happen. Cybersecurity technologies will help banks shore up their reputation as trusted and secure providers as they digitize amid increased openness.

Reasons to Buy

Understand cyber risk and its current and future impact on the industry.

Understand how key challenges the banking sector is facing have accelerated the need for greater cybersecurity.

Identify the leading adopters and specialist vendors for cybersecurity.

Key Players

1Password, Accenture, Airbus (Stormshield), Akamai, Alert Logic, Alibaba, Alphabet (Google), Alphabet (Siemplify), Amazon, AMD, Analog Devices, AnyVision, Appgate, Apple, Aqua Security, Arcon, Armis, AT&T, Atos, Attivo Networks, Aware, BAE Systems, Baidu, Barracuda, Barracuda Networks, BeyondTrust, BioEnable, Blackberry, BMC Helix, Broadcom, BT, Cadence Design Systems, CaixaBank, Capgemini, Cato, Check Point Software, Checkmarx, China Telecom, China Unicom, CipherCloud, Cisco, Clear Secure, Clearview, Cloudcheckr, Cloudera, Cloudflare, CloudPassage, CMITech, Code42, Cognitec, Cognizant, Contrast Security, CrowdStrike, CyberArk, Cyberbit, Cybereason, Cynet, D3 Security, Danske Bank, Darktrace, Dashlane, DBS Bank, Delinea, Dell Technologies, Deutsche Bank, Deutsche Telekom, Duo Security, DXC Technology, ekey, Equifax, Ermetic, Exabeam, Expanse, Extreme, EY, Eyelock, F5 Networks, FiVerity, Forcepoint, Forescout, ForgeRock, Fortinet, Foxpass, Fugue, Fujitsu, GitLab, Goldman Sachs, HCL Technologies, Helpsystems, Herjavec Group, HID Global, Hitachi, Horizon Robotics, HPE , HSBC, Huawei, IBM, IBM (Red Hat), Idemia, iFlytek, Illumio, Ilumio, Impulse, Informatica, Infosys, ING Group, Innovatrics, Intel, Invicti, iProov, Iris ID, IriusRisk, Ironscales, iSignthis, Ivanti, Ivanti (MobileIron), JPMorgan, Juniper Networks, Kairos, KnowBe4, KPMG, KT, Lacework, LastPass, Lockheed Martin, LogMeIn, LogMeOnce, Logrhythm, Lookout, Lumen Technologies, ManageEngine, Marvell, Megvii, Mentor Graphics, Micro Focus, Micron Semiconductor, Microsoft , Mimecast, MyBank, NCC, Netskope, Nokia, NordPass, Northrop Grumman, NTT Data, NXP Semiconductors, NXT-ID, Okta, Okta , Onapsis, One Identity, OneLogIn, OneSpan, OneTrust, Oracle, Orange, Orca Security, Palantir, Palo Alto Networks, Perimeter 81, Ping Identity, Portnox, Proofpoint, PwC, Qualys, Rapid7, Raytheon BBN, Raytheon Technologies, RedSeal, Renesas, Resolver, RSA, Ruckus, SAIC, SailPoint Technologies, Samsung Electronics, Santander, SecureAuth, SecureOne, Secureworks, Securonix, SenseTime, SentinelOne, Singtel (Trustwave), Skybox Security, Skyhigh Security, Snyk, Softbank (Arm), SonicWall, Sophos, Splunk, STMicroelectronics, Sumo Logic, Swimlane, Synopsys, Tanium, Tata Consultancy Services, Tech Mahindra, Tech5, Telstra, Tenable, Tessian, Thales, ThreatConnect, Threatmetrix, Threatmodeler, Tinkoff Bank, TitanHQ, Trellix, Trellix , Trend Micro, TrueFace.AI, Untangle, Veracode, Verizon, Versa, VMware, VMware , WatchGuard, WhiteHat Security, Wipro, Yubico, Zscaler

Table of Contents

Executive Summary

Cybersecurity Value Chain

Banking Challenges

The Impact of Cybersecurity on Banking

Case Studies

Data Analysis


Sector Scorecard


Further Reading

Our Thematic Research Methodology

About GlobalData

Contact Us

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