Table of Contents
500 Million Financial Records Stolen in 12 Months
The surge and sophistication of "successful" cyber-attacks against the U.S. major retail chains, banks & financial services enterprises during the past year, in which over 500 million customers’ bank records and payment cards have been compromised, shook the board rooms of the U.S. financial institutions.
Considering the economic and business implications, it has now become mandatory for the financial industry to significantly increase its investments in state-of-the-art cybersecurity technologies, solutions, and outsourced services to detect, prevent, analyze and resolve the epidemic of financial cybercrime.
According to HSRC’s latest report, "U.S. Cybersecurity Banking, Financial Services, Retail & Payment Market – 2015-2020", the U.S. financial institutions cybersecurity market is the largest and fastest growing private sector cybersecurity market. Based on our October 2014 survey of financial industry CEOs, CISOs and CIOs, we forecast a onetime 2015/2014 market hike of 23%.
The research conducted in this report included hundreds of presentations and interviews with financial institutions CEOs, CISOs and CIOs as well as cybersecurity industry executives and world-class experts. We corroborated our findings by conducting a meta study which integrated the results of eight individual surveys performed by others (e.g., Verizon, IBM, SANS survey for: Blue Coat, FireEye, ForeScout, Raytheon, Sourcefire Tenable Network and , N.Y State Dept. of Financial Services, Accenture, Zurich Insurance and more) with thousands of combined responders.
Questions answered in this 3-volume 704-page report include:
What will the market size and trends be during 2015 -2020?
Which are the sub-markets that provide attractive business opportunities?
What is the U.S. Financial Institutions industry structure?
Who are the decision-makers?
What drives the U.S. banking & financial services managers to purchase solutions and services?
What are the customers looking for?
What are the technology & services trends?
Where and what are the market opportunities?
What are the market drivers and inhibitors?
Who are the key vendors?
What are the challenges to market penetration & growth?
Also included with this report: a roster of 21,643 banking and financial services enterprises who are potential cybersecurity customers. 87% of the listed enterprises include corporate contact information. Provided in an Excel file, the roster is segmented into 10 U.S. financial industry sectors (e.g., Banks, Credit Card Issuers, Credit Unions, Insurance Companies, Pension Funds, Accounting Companies, Stock Brokerage Companies, Stock Exchanges, Mortgage Companies and Real Estate Investment Companies)
The report includes details and market implications of President Obama’s BuySecure October 2014 U.S. executive order. We particularly look into the retail industry primes and the payment cards industry commitment to replace the 1970s security technology magnetic stripe cards and point of sale cash card scanners with the secure Chip & PIN card technologies.
The report presents in 704 pages, 259 tables & figures, analysis of 23 current and pipeline services & technologies and 193 leading cybersecurity vendors. It is explicitly tailored for both the cybersecurity industry and banking & financial services industry decision-makers. The report details market & legislation trends, and enables the two communities to identify business opportunities, present pipeline technologies, market size, legislation trends, drivers and inhibitors.
Get Industry Insights. Simply.
Talk to Veronica
+1 718 514 2762
“Rise in security breaches and incidents among the enterprises is expected to drive the growth of the security technologies market during the forecast period” The report titled The Top 10 security ...
“Growing demand for managed network services, greater network accessibility, and superior network security, and the need for improving the business process at a minimum cost are driving the managed network ...
“The rising security breaches targeting enterprises and increasing sophistication of cyber-attacks are driving the incident response services market” The incident response services market size is estimated ...