Financial services firms, especially in the banking industry, are constantly faced with security threats from cybercriminals who use DDoS attacks, malware, phishing and other methods to try and steal sensitive customer data, commit fraud and identity theft. Security breaches are a strategic risk to financial institutions as it weakens their competitiveness and can cause serious damage to their brand. Moreover, the financial costs resulting from cyber-attacks can be staggering. When it comes to cyber security, prevention is better than cure.