Cyber Security for Banking and Finance
The Banking and Financial Industries must keep their clients data and transactions secure.
90%
of large financial institutions have experienced phishing and social engineering attacks.
Deloitte
80%
of cyber attacks targeting the financial services industry are aimed at stealing money or financial information. Accenture
60%
of small and medium-sized financial institutions that suffer a cyber attack go out of business within 6 months.
American Bankers Association
Cyber Risks for Banking
Insider threats
Employees, contractors, or vendors with access to sensitive information can pose a risk if they misuse or steal data.Advanced persistent threats (APTs)
APTs are targeted and prolonged cyber attacks that are often used to steal sensitive information or disrupt operations.Data Breaches
Banks hold large amounts of sensitive customer information and financial data, which can be valuable for cybercriminals looking to steal personal information or commit fraud.Phishing Attacks
These attacks involve sending fraudulent emails or messages in order to trick the recipient into providing sensitive information, such as login credentials or credit card numbers.Ransomware Attacks
Ransomware attacks can disrupt operations and cause significant downtime, which can lead to delays in project timelines and potentially result in financial losses.Distributed Denial of Service (DDoS)
DDoS attacks are used to flood a bank's website or online services with traffic, making them unavailable for legitimate users.Insurance Cyber Challenges
Constantly evolving cyber threats require banks to keep up with latest security measures
Employee unawareness and lack of training makes them vulnerable to cyber attacks
Banks struggle to implement security measures while complying with regulations
Third-party vendors and partners pose additional risk if not secured
Protecting sensitive data and customer information is crucial to prevent breaches
The Importance of Regular Testing
Every successful cyber attack begins with a vulnerability.
Regular testing can find these vulnerabilities before a threat tries to attack. Manual Penetration Testing and Vulnerability Assessments use the same methods as real attackers to determine where your weaknesses currently exist so that you can prioritize remediation efforts.
These proactive efforts can ensure that when the real attackers try to hack you, the digital doors will all be sealed. Learn more here!
Relevant Services & Solutions
Vulnerability Scan - $899
Penetration Testing
Resources

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