Banks & Financials

With Banks & financial services the sector most targeted by cybercriminals, are you taking the best approach to protecting your business and customers against the latest threats?

Overview

Why Cybersecurity Matters for the Banks & Financials Sector

Banks & 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.

From customer data to banking records to proprietary research and trading algorithms, the valuable information held by institutions in the financial sector is at constant risk of being targeted by cyber-criminals.

Some Common Types of Cyber Attack on Financial Service Organizations are:

Spear Phishing Campaigns:
Vtangent’s consultants have experience in dealing with all kinds of cyber hacking, including high profile data breaches deriving from spear-phishing campaigns
DDoS Attacks:
Through to DDoS (distributed denial-of-service) attacks where the perpetrators can suspend a service(s) sometimes affecting millions of customers at one time
ZERO-DAY Exploitation:
Alternatively, hackers can choose to exploit the organization’s network through software flaws known as Zero-day attacks

Challanges

Common cybersecurity challenges faced by the banks and Financial sectors:

Safeguarding sensitive personal and financial data
Securing a growing and fragmented infrastructure.
Safeguarding legacy systems alongside new technologies
Ensuring the security of applications on all devices.
Maintaining the availability of services in the event of a cyberattack.
Minimizing the financial and reputational impact of an incident.
Meeting compliance requirements

Key Questions to Assess Your Cybersecurity

How will services be affected in the event of a cyber incident?
Is operational resilience regularly assessed?
How is the personal data of clients sufficiently protected?
Are suitable controls in place to detect and respond to threats?
How often is infrastructure tested for vulnerabilities?
Are controls in place to mitigate insider threats?

How Vtangent can help?

With years of experience working with organizations across the financial sector, our specialists better understand the security challenges your organization faces and how to address them. Vtangent offers following services to meet your cybersecurity needs and help you achieving the regulatory compliance.

Cybersecurity Strategy & Planning

Create a board-level InfoSec strategy & plan. Developing a roadmap to improve the cybersecurity posture.

Gap Assessment

Perform the walk through, visual inspection of evidences, observation of processes against defined controls. Select samples and perform test of effectiveness for controls.

IT Audit

Analyze your IT infrastructure, exposing weaknesses & high-risk practices. Prepare the remediation roadmap as per update from issue owners and track the closure of issues.

Penetration Testing

Our qualified team of pen testers will simulate real-world attacks on your network infrastructure to identify existing and potential gaps that hackers can exploit.

Compliance

RBI Guidelines (NBFC, PSS), NCIIPC Guidelines for Protection of Critical Information Infrastructure (CII) 2.0, ISO 27001, PCI DSS v3.2.1

Web Application Testing

Assess applications for potential bugs before going live.

Awareness Training

Deliver security awareness training for key business stakeholders such as employees.

Social Engineering

Exploit human weaknesses found in the organization.

Why Vtangent ?

Reasons you can rely on us.

High-quality Service

Outcome Focused

Actionable & Detailed Reports

Product Agnostic

Expertise

Vtangent employs highly-certified and experienced cybersecurity professionals with deep expertise in a broad range of security domains. Our security qualifications: