Cybersecurity for the
Finance and Insurance Industry
Mitigate your cybersecurity risks and protect your customer data with the help of our services adapted to the financial & insurance industry.
Cybersecurity for the Finance and the Insurance Industry
Financial institutions are facing increasingly complex challenges to secure their valuable data from cyber attacks. These organizations hold a large volume of critical customer information, banking records and stock trading algorithms which makes them a primary target for modern cybercriminals. From web applications becoming more complicated – to mobile apps/websites constantly changing to replace legacy systems and offering a wider range of features – to online transactions becoming much more prevalent, the need to test your cybersecurity measures has become a necessity to mitigate the risks of a cyber attack.
According to a White Paper published last year by The Identity Theft Resource Center, “75% of surveyed financial organizations said they did not have a formal cybersecurity incident response plan across their organization” – Which leaves them exposed to a damaging breach that can potentially spread across all systems and cause irreversible damage to both their reputation and infrastructure.
According to a White Paper published last year by The Identity Theft Resource Center, “75% of surveyed financial organizations said they did not have a formal cybersecurity incident response plan across their organization” – Which leaves them exposed to a damaging breach that can potentially spread across all systems and cause irreversible damage to both their reputation and infrastructure.
Cybersecurity Statistics in the Finance & Insurance Industry
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
