Technology

Fintech Breaches Rise as Device Visibility Gaps Widen

Fintech security experts warn that a lack of visibility into employee devices is a major factor in the sector's rising data breaches.

Image from cfotech.asia

Image: cfotech.asia

Cybersecurity experts are highlighting a critical vulnerability in the financial technology sector: a lack of comprehensive visibility and management over employee devices. According to industry analysis, this gap is a significant contributor to the rising number of data breaches affecting fintech companies.

Apu Pavithran, founder and CEO of Hexnode, a unified endpoint management (UEM) solutions provider, has publicly discussed this issue. In a 2025 interview, he stated that many fintech security strategies fail because they do not account for the diverse range of personal and corporate-owned devices employees use to access sensitive financial data. This creates blind spots that attackers can exploit.

The problem is exacerbated by the rapid growth of remote and hybrid work models, which expand the corporate network's perimeter. Without robust UEM policies, companies cannot enforce essential security controls like encryption, strong authentication, or timely software updates on every device accessing their systems.

Recent high-profile breaches in the financial services and technology sectors have underscored these risks. Security analysts confirm that incidents often originate from compromised or poorly managed endpoints. Implementing stricter device visibility and management protocols is now seen as a non-negotiable layer of defense for protecting customer financial information and maintaining regulatory compliance.

📰 Original source: cfotech.asia Read original →
Partager: