Why would banking industry may need cyber security ?
- Protecting sensitive information: Banks handle a lot of sensitive and confidential information, including personal and financial data of their customers. Cyber security measures are essential to protect this information from unauthorized access, theft, and misuse.
- Compliance requirements: The banking industry is subject to various regulatory compliance requirements, such as the Payment Card Industry Data Security Standard (PCI DSS) and the General Data Protection Regulation (GDPR). Cyber security measures are important to comply with these requirements and avoid penalties for non-compliance.
- Maintaining trust: Banks rely on the trust of their customers to maintain their reputation and business success. A security breach can result in significant financial losses, damage to the bank's reputation, and loss of customer trust. Cyber security measures can help prevent security breaches and maintain customer trust.
- Protection against cyber-attacks: The banking industry is a chief target for cyber-attacks such as phishing, ransomware, and DDoS attacks. Cyber security measures are essential to protect against these attacks and minimize the risk of disruption to banking operations.
- Protecting financial transactions: Banks rely on technology to process and manage financial transactions. Cyber security measures are vital to ensure the integrity and security of these transactions, preventing unauthorized access or fraudulent activitiess.
How we help
How we assist Banks and Credit Unions
- Cyber Security Consultants : Full-Time, Part-Time, or On-Demand
- Cyber Security Project Management : Our project team will manage cyber security projects from start to finish, alleviating resource constraints.
- Core Banking Security : We can assisit with operational security administration challenges, or the design of new core banking software.
- Mobile Banking Security : As customers move toward mobile banking, we have a team of professionals to assist meeting cyber security challenges in this space.
- FFIEC Risk Assessments : We perform risk assessments against the FFIEC standards. We will also prepare the organization to meet this standard.
- Security Log Monitoring Services : 24x7 monitoring of online banking or core banking software, as well as firewalls and other security infrastructure.
- Risk Management Services
- Vendor Management Services : Bank vendors must be evaluated for Cyber Security Controls in order to protect your organization.
- PCI Compliance Services for Banks : PCI ASV Scans, PCI DSS SAQ Assistance, and PCI Gap Analysis. Outsource all, or part of your PCI Compliance to Us!
- Banking Compliance : BSA, GLBA, SOX, FACTA, and PCI compliance iniatives or audits.
- Penetration Testing / Ethical Hacking : Network Penetration Tests, Social Engineering Tests, Application Penetration Testing, and Physical Security Testing.