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
18.9M
$ 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 cybersecurity 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
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
AIB
We work with Integrity360 because they’re an innovative company that have supported us in our journey in terms of maturing our security posture. We find them flexible, we find them innovative and we find them good in terms of thought leadership and challenging us in a very open way.
CISRO
Financial Services client
Your team has been extremely proactive and engaging in turning around the work in a very efficient way
Information Security Manager
Financial Services client
Reasons for scoring Integrity360 highly: Quality of service, immediate availability, expertise of the teams
COO
Financial Services client
Security Toolsets We Manage For Financial Services Clients
- Endpoint Detection and Response
- Deception Technologies
- Monitoring and Alerting
- Intrusion Detection
- Encryption
- Activity Monitoring
- Privileged Access Management (PAM)
- Identity and Access Management (IAM)
- Data Loss Prevention
- Cryptographic Key Management
- Threat & Vulnerability Management (TVM)
- Governance, Risk & Compliance (GRC)
- Public Key Infrastructure (PKI) Management
- Advanced Threat Protection (ATP)
17 Years of Financial Services Cybersecurity 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.
Verizon 2021 Report
Financial Services Findings
Frequency
721 incidents
467 with confirmed data disclosure
Top Patterns
Miscellaneous Errors, Basic Web Application Attacks and Social Engineering represent 81% of breaches.
Threat Actors
External - 56%
Internal - 44%
Partner - 1%
Multiple Breaches - 1%
Actor Motives
Financial - 96%
Espionage - 3%
Grudge - 2%
Fun - 1%
Ideology - 1%
Data Compromised
Personal - 83%
Other - 21%
Credentials - 32%
Bank - 33%
Top Controls
Security Awareness and Skills Training (14)
Secure Configuration of Enterprise Assets and Software (4)
Access Control Management (6)
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 our financial services cybersecurity can protect your organisation itself from the most challenging cyber-threats.