Cybersecurity for the
Finance and Insurance Industry
Why Cybersecurity Matters for the Finance & Insurance Industry
Financial institutions hold a large volume of critical customer information, financial assets and banking records which makes them a primary target for cybercriminals. From web applications becoming more complicated – to mobile apps/websites constantly changing to replace legacy systems and offering a wider range of features, the need to test your cybersecurity has become a necessity to mitigate the risks of a cyberattack.
“75% of surveyed financial organizations said they did not have a formal cybersecurity incident response plan across their organization”
The finance industry faced 207 large data breaches in 2019
30% of breaches occurred through web applications
How Vumetric Helps Finance & Insurance Companies
We help you prevent costly breaches
With the help of a penetration test, we simulate a real hacking scenario to identify your vulnerabilities and to provide evidence of what hackers could accomplish.
We help you fix your vulnerabilities
We prioritize your vulnerabilities based on their risk level and provide recommendations supported by external references to help you fix them.
We help you comply with requirements
Whether you need to comply with SOC 2, ISO 27001, PCI-DSS or requirements from a third-party, we will help you streamline the compliance process.
We support your IT security operations
We help you develop a cybersecurity roadmap with measures that deliver a return on your investment according to the efforts required vs. their improvement.
Want to know how we could help your company?
Resources For The Finance & Insurance Industry
ATM Jackpotting caused US businesses over US$1 million in losses in 2018
Reference: Business Insider
68% of US businesses have not purchased any form of cyber insurance
Reference: Cisco
Cyber insurance policies are predicted to cost from $14 billion by 2022 to $20 billion by 2025
Reference: Insurance Business
Questions to Assess Your Cybersecurity
- Do you have an incident response procedure ?
- Do you have mechanisms aiming to prevent cyberattacks ?
- Are your payment systems PCI-DSS compliant ?
- Is your critical data accessible from other internal systems ?
- How often do you perform a security audit ?
- Is your staff educated towards cybersecurity risks ?
Challenges faced by the Finance & Insurance industry
- Ensure the security of applications on all devices.
- Secure a growing and fragmented infrastructure.
- Maintain the availability of services in the event of a cyberattack.
- Securing a large volume of critical financial information.
- Minimize the financial and reputational impact of an incident.
- Integrate new technologies into existing systems.
Tell us About Your Cybersecurity Needs
A specialist will reach out to:
- Understand your needs
- Determine your project scope
- Provide a cost approximation
- Send you a detailed proposal
