Another awesome award for our team – The AIFinTech100 list was published today and includes Guardicore as one of the honorees!
Like the gif on the left suggests, we could not be more thrilled to be on this list. There was some hefty criteria. Yet another great day to be a Guardicorian.
What are the AIFinTech Awards?
The Global AIFinTech awards program highlights the world’s most innovative solution providers developing artificial intelligence (AI) and machine learning technologies to solve challenges or improve efficiency in financial services. The standout companies were chosen by a panel of industry experts and analysts who reviewed a study of over 1,000 FinTech companies undertaken by FinTech Global, a data and research firm. The winning solution providers were recognized for their innovative use of technology to solve a significant industry problem, generate cost savings, or create efficiency improvements across the financial services value chain.
What does the list mean to the industry?
FinTech Global director Richard Sachar said, “The AIFinTech100 list helps senior management filter through all the solution providers in the market by highlighting the most innovative artificial intelligence companies in areas such as Insurance, Banking, Investment & Trading, Lending, Customer Experience, Compliance and Fraud Prevention.”
Security in the finance industry
The digital world is a dangerous place for financial institutions. The 2021 BAE Systems Applied Intelligence report found that nearly three-quarters (74%) of banks and insurers experienced a rise in cybercrime since the pandemic began. The same research also found IT security, cybercrime, fraud, or risk department budgets were cut by 26% in the past 12 months. This data indicates that financial institutions are both highly targeted by cybercriminals and understaffed. AI-powered cybersecurity solutions with broad applications like Guardicore are critical in protecting financial institutions from ransomware and other sophisticated cyberattacks.
The US White House Administration and CISA agree that microsegmentation is critical in reducing attack surface, limiting lateral movement, and preventing data breaches. Microsegmentation separates vital business apps and information so cybercriminals can’t gain full access to the corporate IT environment if they gain access to the corporate network. Guardicore’s Centra platform applies granular protections to business-critical apps and data to limit the potential damage caused by a breach and force hackers to engage in lateral movement that can alert security teams to their malicious activities.
Why Centra was chosen
Guardicore’s innovative use of AI accelerates and simplifies microsegmentation and ongoing policy management. Centra automates asset classification to reduce the time and effort needed to apply a new segmentation policy to new or existing applications the moment they are spun up. This way, security leaders never need to interrupt normal business operations or sacrifice security while rolling out new cloud apps and platforms.