Let’s be honest, no matter how much you’ve moved to the cloud, digitally transformed, or Agile-d your processes, you still rely on some systems that are so dated or homegrown that modernizing them is a non-starter.
Though these systems dangle outside the bounds of security best practices, they would simply be too expensive and disruptive to replace.
To date, the risks created by such gaps have beenoutweighed by the cost of modernizing those parts of your infrastructure.
A study by HYPR on the state of authentication in the finance industry found that the average financial institution suffered 3.4 breaches per year to the average tune of $2.19M. Yet over 60% of respondents didn’t upgrade their authentication systems after a breach.