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Micro-segmentation allows financial institutions to achieve a number of key goals while protecting their crown jewels through a single, straightforward approach.

Financial institutions have a strong requirement for cost-savings through automation, resources optimization, and agile technologies. They need a solution that can increase security while also promoting operational efficiency.

Moreover, financial institutions have always been prime targets for crime. According to Forbes, cyberattacks cost financial institutions more to address than firms in any other industries. Given that remote and indirect transactions are the norm these days, attackers have even more opportunities to break through perimeter security. This further increases the risk of breach and the remediation costs.

How can banks use micro-segmentation to solve these issues? Let’s take a look.