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Advancing Segmentation to Strengthen Security and Compliance in Financial Services

Strengthen cyber resilience in financial services with Illumio + IBM by using segmentation and expert guidance to meet DORA, SWIFT, PCI-DSS, and global compliance needs.

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Financial services firms have long been favored targets for cybercriminals. From multinational banks and retail brokerages to fintech startups and credit unions, organizations across the sector store, process, and transmit highly sensitive financial and personal data. According to the IBM X-Force Threat Intelligence Index, the financial sector was the second-most attacked industry globally, accounting for 22.4% of all incidents, behind only manufacturing.

Ransomware remains the most common and costly type of attack, accounting for 36% of incidents in the financial services sector. Meanwhile, IBM’s Cost of a Data Breach Report 20252 found that financial institutions face an average data breach cost of $5.56 million, significantly higher than the global average of $4.44 million.

Despite heavy investments in security, today’s financial institutions are grappling with increasing threats due to increasingly complex hybrid environments, legacy systems, distributed workforces, and growing third-party ecosystems. These factors all contribute to an expanding attack surface and reduce visibility into east-west traffic, making it easier for attackers to move laterally within networks once they gain access.

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“We started seeing benefits from Illumio right away. We gained visibility into our environment and took decisive action immediately. We were able to move so quickly because Illumio makes Zero Trust Segmentation simple by highlighting risk and suggesting policy. Illumio allowed us to take a step-by-step approach and realize value out of the gate.”
Jamie Rossato

Chief Information Security Officer
Lion

Lion Co. employees inside a bottling factory discussing security.
“With Illumio, we now have unprecedented visibility into our server and application traffic. It is making all the difference in our ability to protect our data center.”
Mullar Wan

General Manager of Information Technology
Hongkong Electric

Black & white photo of an urban landscape.
“The onslaught of ransomware attacks demands end to end visibility, advanced analytics and automated actions based on an open platform—which are the foundational elements on which QRadar XDR was designed. By leveraging its open architecture and segmentation platforms like Illumio, QRadar XDR helps customers achieve early detection, orchestration, and rapid, automated response to ransomware and other fast-moving attacks."
Chris Meenan

VP of Product Management
IBM Security

Black & white photo of a cybersecurity technician analyzing server stacks.
“With Illumio, we now have unprecedented visibility into our server and application traffic. It is making all the difference in our ability to protect our data center.”
Mullar Wan

General Manager of Information Technology
Hongkong Electric

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Assume Breach.
Minimize Impact.
Increase Resilience.

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