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2020 Press Releases

July 28, 2020

ExtraHop Announced as Innovative Security Solution for Financial Institutions

ExtraHop, the leader in cloud-native network detection and response, announced that FinTech Global named ExtraHop to its annual CyberTech100 list, highlighting the top solution providers that are shaping the future of information security. More than 1,000 companies were evaluated by a panel of industry experts and analysts who recognised ExtraHop for its ability to help financial institutions investigate threats, ensure the availability of critical applications, and secure their investments in cloud.

Today’s consumers trust and expect financial institutions to protect their most sensitive data. Yet at the same time, rising consumer desire for convenient access via technologies like mobile banking greatly increases the potential attack surface and exposure to security risks. Financial organisations rely on ExtraHop to help them proactively detect and defend against threats in order to safeguard customer data and trust.

Within the financial services industry, investment in cybersecurity is one of the fastest-growing sectors, growing 14 times since 2014 to reach $3.4 billion last year, according to data from research firm FinTech Global. The CyberTech100 was developed to help financial executives identify the latest security solutions that will have a lasting impact on the industryAmid this surge.