Cyber security in Fintech
The Fintechs sector is a technology-driven innovator that disrupts the financial services sector from banking and payments to insurance organisations.
With more consumers and organisations embracing digital transformation, more data than ever becomes accessible in digital formats, creating new security challenges for the fintech sector. Protecting confidential information, including personal and financial data, is of paramount importance to your continued success.
Many Fintech’s capture sensitive data, making them a primary target for cyber-attacks. In the face of the cyber-attack threat and increasing pressure from regulators, investing in the right security solution is vital. The good news is that you can take risk-based steps to reinforce your security posture and boost your maturity.
From sensitive personal data to banking records to proprietary research and algorithms, institutions’ valuable information in the Fintech sector is at constant risk of being targeted by cybercriminals.
Cyber Security Challenges in Fintech
The number of data breaches and cyberattacks in the fintech sector continues to grow, and we have identified some key challenges.
- Cloud migration
- Protecting sensitive personal and payment data
- Detecting and responding to cyber-attacks and breaches
- Regulatory and compliance requirements
- Incident Response Maturity capability
- Supporting legacy systems and accessibility
- Insecure coding practices
Cyber security Benefits in Fintech
Assess your organisation’s security posture
Analyze your organisations’ security controls to industry best practices.
Detect and monitor your defence against cyberattacks
Providing guidance on the best approach to mitigate and resolve vulnerabilities and threats.
Security by Design
Recommend security controls for new initiatives.
Achieving regulatory and compliance security requirements is more demanding every year; SecuriCentrix is positioned to help you meet your responsibilities. With many years of experience working within the fintech sector, our security specialists better understand the challenges your organisation faces.
GROWTH OF AVERAGE RANSOMWARE PAYMENT IN 2020 OVER THE PREVIOUS YEAR.
IS THE RISE IN CLOUD BASED CYBER ATTACKS IN THE FIRST QUARTER OF 2020.
RISE IN CYBER ATTACKS ON BANKS WAS REPORTED DURING THE PERIOD OF THE COVID-19 PANDEMIC IN 2020.
What Needs To Be Assessed
Core focus areas for consideration:
Cyber security compliance in Education
By helping organisations in the education sector to identify and address security exposures and proactively detect and respond to threats, Redscan’s cyber security services support compliance with the GDPR, DPA 2018, PCI DSS and other data security standards.
We’re experienced at working with universities, colleges and schools and better placed to understand the security challenges your organisation faces and how to address them.
How to address the security challenges of remote working
SecuriCentrix’s security services are designed to provide the vital assistance needed to make tangible improvements to your organisation’s cyber security posture.
Expert security services and solutions tailored to your needs