Financial institutions are in dire need of the sophisticated cyber security procedures that are offered by the cyber range. The cyber range creates a controlled work environment simulating the secure networks of the workplace. It enables heightened security measures by replicating attack situations whereby the organization can learn and practice the different counter-attack and contingency strategies, responding and defending the systems against cyber crimes. It is the perfect mechanism to place an employee or an officer in a tense situation so as to teach him how to extricate the system from the crisis.
The cyber range allows organizations to run tests on existing, as well as new technologies. It helps assess glitches in security and potential vulnerabilities, and also helps the organization learn the compliance guidelines which would be ideal for their industry. The finance sector especially banks run the risk of massive breaches of data. With the banks holding millions of financial records and private fiscal data of individuals around the world, a cyber range would be perfect for organizations to ensure their cybersecurity levels.