Cyber Security for Financial Services

62% of exposed data in 2019 was Financial Services data. How vulnerable is your business and its data?

The number of data breaches that financial services companies suffer continues to grow year-over-year as hackers zero in on the lucrative industry. 

Cyber-attacks continue to increase by volume and scale, with financial services institutions like banks, lenders, insurance providers and payment processors being targeted.

Working with a wide range of financial institutions, we've seen each presenting their own unique challenges.

We adapt our approach to fit the client and work closely to bring them on a journey of maturity while ensuring the security outcomes they require throughout.

62%

of exposed data in 2019
was financial services data

18.3M

$ is the average annual
cost of cyberattacks in the
banking industry

233

days average time to identify and contain a breach in Financial industries

Cyber Challenges Facing Financial Services

The number of data breaches that financial services companies suffer continues to grow year-over-year as hackers zero in on the lucrative industry. 

We have years of experience contributing to and thriving in financial services organisations, which by their very nature are advanced,  challenging and heavily regulated cyber security environments. 

we have noticed that many of our financial services clients share the same common challenges which we assist with: 

  • Managing audit driven decision making
  • Centralising functions, automating and futureproofing their security systems
  • Maintaining compliance with regulations
  • Adapting to emerging modern banking technologies
  • Managing legacy environments
  • Ensuring full utilisation of toolsets
  • Become more agile and more efficient in security operations
  • Migration to the cloud securely while managing on premise servers
  • Keeping competitive with challenger banks
  • Managing third party/supplier governance and risk
  • Limited resourcing and skills

15 Years of Financial Services Experience

We have years of experience contributing to and thriving in financial services organisations, which by their very nature are advanced,  challenging and heavily regulated cyber security environments.

Contact us today to speak to our financial services experts to discuss your challenges.

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BMCE Bank International
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To recognise excellence in our ecosystem we recently initiated a ‘spirit of partnership’ award which Integrity360 was our inaugural recipient of. The team remedied a very serious situation and we thank the team at Integrity360 for demonstrating the power of the ecosystem.

Head of Technology Partner Management Retail banking client

Verizon 2020 Report
Financial Services Findings

Frequency

1,509 incidents
448 with confirmed data disclosure

Top Patterns

Web Applications, Miscellaneous Errors and everything else represent 81% of breaches.

Threat Actors

External - 64%
Internal - 35%
Partner - 2%
Multiple Breaches - 1%

Actor Motives

Financial - 91%
Espionage - 3%
Grudge - 3%

Data Compromised

Personal - 77%
Other - 35%
Credentials - 35%
Bank - 32%

Top Controls

Implement a Security Awareness Program (CSC 17)
Boundary Defense (CSC 12)
Secure Configurations (CSC 5, CSC 11)

Get Advice From A Security Advisor

 

Integrity360 has proven experience working with major financial institutions and banks, helping to ensure their customers and employees always stay protected.

Get in touch to find out how you can protect your organisation itself from financial services most challenging cyber-threats.