FINANCIAL SERVICES

Financial services sector is the most lucrative target for cybercriminals. Protecting your assets is an ongoing fight against cyber criminals, are you taking the best approach?

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Cyber security across the financial services

Financial businesses are directly linked to wealth, and the global economic system at large making the sector an attractive target for cybercriminals varying from motivated hackers to state-sponsored campaigns. Financial sectors businesses require advanced cyber security measures in place compared to other industries. 

Technological advances have made banking faster and innovative by improving products to consumers. Similar to financial risk management, technical risk management plays a key role in avoiding major disasters. Loss of compliance due to ISO 27001, PCI DSS or related regulations is another security risk to a financial services business.

PCI DSS Penetration Testing

What are the key security challenges ?

Risk and Controls Self-Assessment (RCA) & Cyber Risk Management

Cyber security payments sector

In 2018, FCA came up with major findings after conducting multi-firm review on wholesale banks and asset management . Most of the firms reviewed relied on risk and controls self-assessment (RCSA) without getting involved in in-depth technical exercises to assess the accuracy, scale and nature of risks. The main findings raised valid questions around the following:

  • How well Board and Senior Management’s decision making is impacted by the understanding of cyber risk profile?
  • Are firms taking a proactive approach towards cyber security to ensure it’s an organisation-wide priority?
  • How effective is second line (CISO, CXOs) in identifying and managing cyber risks? 
  • Have firms drawn connections between cyber and conduct risk?

What are your key security questions?

Financial Sector Experience

This section refers to specific project based experiences in this sector. These were conducted at retail and investment banks, private equity firms, wealth management institutions, M&A due diligence and Tier 2 businesses.

Key Projects

Wealth of experience, skill-set and outcome focussed

Our Cyber Security Assessment Services

Network & Infrastructure Penetration Testing

  • Protect your business against evolving network & infrastructure threats
  • Check services, patching, passwords, configurations & hardening issues
  • Internal, external, network segregation & device reviews
  • PCI DSS, ISO 27001, GDPR Compliance support
  • Helps shape IT strategy & investments

Web Application & API Pen Testing

  • Assess real-world threats to web applications
  • Validate secure design best practices against OWASP Top 10
  • Timely check to avoid common pitfalls during development
  • Ensure strong authentication, authorisation, encryption mechanisms
  • Find loopholes to avoid data leakage or theft

Mobile Penetration Testing

  • Assess real-world mobile app security vulnerabilities
  • Validate secure design & configuration best practices
  • Increased flexibility and productivity of users through secure mobile offerings
  • Ensure strong mobile app authentication, authorisation, encryption mechanisms
  • Find mobile app or device loopholes to avoid data leakage or theft
  • PCI DSS, ISO 27001, Compliance Support

Cloud Penetration Testing

  • Better visibility on cloud process aligning
  • Secure validation of internal and third party integrations
  • Support ever changing regulatory/compliance requirements
  • Ensure strong authentication, authorisation, encryption mechanisms
  • Demonstrate data security commitment
  • Less is more – reduced costs, servers and staff

Digital Attack Surface Analysis

  • Attack surface analysis to identify high risk areas and blind spots
  • Improve your security team’s efficiency
  • Streamline your IT spends
  • Lower Risks and Likelihood of Data Breaches

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