Banking, Financial Services and Insurance
Addressing the growing threat of cyber attack
Ransomware is one of the biggest cyber threats organizations in the financial sector face. But it’s not just about ransomware. Sensitive financial data, customer information, and intellectual property all make attractive targets for cyber criminals. A wide range of attacks pose a growing danger, leading to potential data breaches, financial loss, reputational damage, and more.
RECOGNIZED AS INDUSTRY LEADERS
Which threats are most likely to hurt the financial sector?
Aside from ransomware, Distributed Denial of Service (DDoS), cryptojacking, AI-based attacks, and phishing are some of the threats that impact the financial sector. At CyberProof, we understand the complexity of protecting banks, financial services and insurance companies from cyber attacks and can help you address the increasing challenges involved in mitigating the risk. Our experience with organizations that must adhere to regulations such as the Gramm-Leach-Bliley Act (GLBA) and the Payment Card Industry Data Security Standard (PCI DSS) – helps us address the additional complexity of operations that organizations in the financial sector contend with.
Mitigating the risk for financial services organizations
Cloud-native & hybrid deployment
providing greater operational efficiency, with cloud-native tools and automations accelerating detection & response
Reduced time to respond
with orchestration and automation capabilities that provide faster time to response and increased threat landscape visibility
Single view of operations
supporting multi-team SecOps collaboration, with real-time alerts and recommendations for security incidents
Fewer false positives
data and logs are collected from multiple sources, enriching alerts by providing additional context, while reducing errors and time to detect
Leveraging automation to mitigate risk
In an era in which enterprises must maintain multi-cloud environments, automation serves as a critical component – reducing risk while improving efficiency and scalability. Our eBook on “How to leverage automation to mitigate risk” explores the essential components of secure cloud transformation, and how automation can support an efficient and scalable move to the cloud.
Best practices in handling real threat scenarios
SOC L1 and L2, DFIR, Threat Intel, and Threat Hunter teams collaborate to mitigate threats faster and more effectively. Our Cyber Defenders Playbook reviews “lessons learned” by CyberProof’s team to help you improve your detection & response processes.
Improving cyber resilience by leveraging the MITRE ATT&CK
MITRE’s Attacker Tactics, Techniques, and Common Knowledge (ATT&CK) framework is a powerful tool for improving cyber defense. MITRE creates a categorized list of all known attack methods, and connects each attack method with mitigations and detection methods for preventing or identifying attacker techniques.
Case Studies
Banking
The client, a subsidiary of a large corporation, offers credit-building credit cards to customers with a limited or uneven credit history.
Financial Services
A large, multinational company approached CyberProof for assistance with their security operations. The company operates in countries worldwide. The client’s goal was to ensure business operations remain secure by transforming the firm’s current cyber practices – and establishing an innovative, next-generation cyber security SOC operation.
Insurance
The client is a large insurance carrier with offices in multiple locations. The client initially turned to CyberProof after having issues with their previous service vendor, who was providing security alerts but conducting no real triage.
Investment Management
The client is a financial asset management company with a large IT presence and a broad, international customer base. The client underwent a demerger process from a large, international banking group. Prior to the demerger, the client’s entire IT and cyber services were being managed by the holding company.
Speak with an expert
Discover how we can help you implement robust data protection measures to identify and mitigate cyber threats