80 % of financial institutions struggle with breach containment
Nozomi Networks launches Compass for OT asset and service management
CISO news
80 % of financial institutions struggle with breach containment
rising operational costs at 22.4 %. However, when considering network redesign priorities, 25.2 % ranked lowering total cost of ownership first.
Threat containment remains a significant weakness. Only 20.5 % of organisations automatically detect and quarantine threats in real time, leaving 79.5 % dependent on manual intervention or affected by limited visibility and delayed detection.
Network reliability is another concern, with 57 % experiencing disruptions at least monthly that affect customer transactions, trading, digital banking access or internal operations. inancial institutions are struggling to contain cybersecurity threats as network disruption, regulatory pressures and
F rising operational costs increase, according to new research from Nile.
Meanwhile, only 21 % fully segment third-party access with enforced policy controls and just 18.6 % fully enforce Zero Trust across their networks. Legacy architectural complexity was identified as the leading barrier to Zero Trust adoption.
The Secure Network-as-a-Service company surveyed 322 IT, security and risk professionals across banking, insurance, payments, capital markets and FinTech for its State of Networking, Security & AI in Financial Services report.
Cybersecurity and regulatory risk were identified as the leading ongoing network challenges by 24.2 % of respondents, followed by
Audit readiness also remains labour-intensive, with 59.3 % reporting a moderate to significant manual burden.
Shashi Kiran, CMO of Nile, said:“ This research shows that institutions understand the need to modernise, but the complexity of their legacy architectures makes it difficult to strengthen security without adding cost and manual effort.”
Nozomi Networks launches Compass for OT asset and service management
ozomi Networks has announced Nozomi Compass, an OT-native
N asset and service management platform designed to help industrial organisations manage changes, remediation and compliance across operational technology environments. approve, execute and document changes while maintaining operational safety and governance.
Andrea Carcano, CEO and Co-Founder of Nozomi Networks, said:“ Nozomi Compass underpins our vision to provide a single source of truth for visibility, threat detection, governed workflows, compliance evidence, and trusted AIenabled operational decision-making.”
The platform addresses a growing gap between the speed at which AI can identify vulnerabilities, anomalies and exposures and the manual processes traditionally used to respond to them. According to Nozomi Networks, many industrial organisations continue to rely on spreadsheets, IT ticketing systems and workflows that were not designed for OT environments.
He added:“ Until now, operators have been working with an ineffective IT-native toolset to service their OT assets. As industrial organizations incorporate AI automation to keep pace with today’ s threat and regulatory landscape, they cannot live in the unknown. Compass is the foundation that allows teams to move quickly with confidence.”
Nozomi Compass combines firstparty OT asset data with process-safe workflows, providing organisations with a real-time OT system of record. Teams can use the platform to plan,
Andrea Carcano, CEO and Co-Founder of Nozomi Networks
The platform is also designed to provide continuous compliance evidence and improve change governance as vulnerability discovery increasingly outpaces manual remediation.
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