File Integrity Monitoring Software in BFSI

The BFSI vertical comprises of commercial banks, insurance companies, mutual funds, cooperatives, non-banking financial companies, pension funds, and other smaller financial institutions. The vertical is an early adopter of cutting-edge information security solutions due to the highly sensitive nature of financial data. The BFSI vertical is witnessing increasing demand for FIM software and services due to the increased sophistication in attacking techniques and growing insider attacks. The vertical faces different challenges related to complying with stringent regulatory and security requirements, and in providing superior service to customers. Additionally, the vertical is always on the lookout for security products and services to protect the enterprises’ employees, customers, assets, offices, branches, and operations. Therefore, the BFSI vertical holds a significant share of the total FIM market. The vertical frequently keeps introducing new and improved financial products and services to enhance its business operations, which makes it an attractive destination for fraudsters to target sensitive customer information. With facilities such as smart banking, internet banking, and mobile banking, the BFSI vertical is required to prioritize information security. The vertical is also highly concerned about the regulatory requirements and adopts advanced solutions to comply with these stringent regulations. These factors indicate increased demand for FIM software and services in the BFSI vertical.