Financial Services

Technological innovations and cybersecurity threats continue to develop and evolve at an incredible pace. Cyber threats have become one of the top threats to the financial services sector. The sensitivity and potential value of the data in their possession make financial and banking institutions a prime target of cyber-attacks. It includes private customer data to card data to check routing data and investment algorithms. 

Many firms have struggled with implementing security programs and policies that effectively keep threats at bay. For financial corporations, their reputation in terms of information security and compliance is paramount.

From HMDA and PCI-DSS to SOX to NYDFS 23 NYCRR 500 and GDPR, there are more than enough compliance frameworks designed around data privacy and security services to keep institutions frustratingly busy.

When it comes to technology, financial and banking institutions must master the ultimate balancing act by juggling risk management, security, compliance, consumer protection, and profitability.

Financial Services – Banking and Insurance

The level of inherent cybersecurity risk varies significantly across financial institutions. It is important for management to understand the financial institution’s inherent risk to cybersecurity threats and vulnerabilities when assessing cybersecurity preparedness. The areas of cyber importance include Risk Management and Oversight, Threat Intelligence and Collaboration, Cybersecurity Controls, External Dependency Management, Cyber Incident Management, and Resilience.

Organizations need a trusted partner they can team with to help achieve their goals of continually enhancing privacy and security. e-InnoSec has made significant investments in leadership, methodology, and personnel to be that partner. The services include free training using the SECURTEAIN eLearning platform as well as classroom training.