Insights

Protecting Financial Institutions from IoT Vulnerabilities

Dec 06, 2024

Financial institutions, including bank branches, increasingly rely on connected IoT devices like ATMs, POS systems and printers to deliver seamless customer experiences and streamline operations. However, these essential devices can also become potential entry points for fraud and cyber threats if not properly managed. Many institutions may underestimate the risks associated with these devices or lack the necessary visibility to address vulnerabilities effectively.

Achieving complete transparency into IoT device inventories isn’t just about security — it’s about safeguarding critical operations, maintaining compliance and protecting sensitive customer data from malicious actors.

Introducing SomosID for IoT

SomosID for IoT empowers financial institutions with a cutting-edge solution to mitigate IoT security risks and helps organizations enhance protection, reduce vulnerabilities and maintain trust by delivering comprehensive visibility into device inventories. With SomosID, financial institutions can stay ahead of threats while improving operational efficiency and compliance.

Learn More in Our Fireside Chat

To gain deeper insight into how SomosID can revolutionize your approach to IoT security, check out this 10-minute Fireside Chat featuring Michael Smyth, SomosID Product Manager and Jaime Zetterstrom, a seasoned fraud expert. This engaging discussion will cover practical strategies for identifying risks, securing device networks and enhancing the resilience of your financial operating systems.

Don’t miss this opportunity to discover actionable solutions to safeguard your IoT infrastructure. Ready to explore more? Connect with a team member today at iot@somos.com.