The digital landscape has turned cybersecurity complexity into a significant drain on banking profitability. Our research reveals that complexity is the biggest impediment to security operations for almost half (47%) of banking executives, as organizations juggle an average of 114 different security solutions from 42 vendors. This security fragmentation elevates risk and extracts a heavy cost: the average cost of security complexity for banks is estimated at 6% of annual revenue. Addressing this challenge with an integrated security platform is no longer just a defensive measure; it is a critical strategy for unlocking business value and resilience

Key Outcomes of Security Platformization:

• Faster Incident Response: Detect and contain incidents up to 55 days faster on average.
• Higher ROI: Achieve an average security investment ROI of 118%.
• Security as Value: 97% of adopters agree that security is a source of value.
• Reduced Complexity Cost: Address the average cost of security complexity, which is 6% of annual revenue.