Banking, Financial Services and Insurance

Rebuilding BFSI sector with
security by design.
Overview Challenges Statistics Industry Updates How We Help Case Studies

Banking, Financial Services and Insurance

Daylight bank robberies with intruders rushing in with guns, masks, and explosives, then leaving with the money are now almost a thing of the past. Banks and other financial institutions are well-fortified and protected these days and it is becoming increasingly difficult for conventional robbers to physically scale their massive security features.

But with the advancements in technology and the rising innovation therein, criminals are fast resorting to committing heists of another nature and stature, altogether. Welcome to the dark and unholy recesses of cybercrime!


Challenges

The digitization of banking services, insurance claims, and information collection has led to massive data possession, which has made the industry a prime target of cyberattacks.

Cases of Ransomware, Identity & data thefts, disruption of IT systems, hacking of critical information by using unique spyware, malware, or phishing tactics are on rise, which is a cause of serious concern for the organizations.

It has thus become imperative for banks and financial institutions to have a strong security posture to prevent any type of damage to its information and infrastructure assets.

The other major threats or security concerns in Banking, Financial Services and Insurance are:

  • Securing cloud network
  • Ransomware attacks
  • Payment Frauds
  • Financial Frauds
  • Insider Threat
  • Third-Party Integrations
  • Fire Safety
  • Access Control

Data breach security
incidents across the world
are from the manufacturing
sector.
Industrial companies rank
cybersecurity as a major
priority.
Out of all the other data
breach incidents,
ransomware constituted the
most.

Industry Updates

Challenges faced by the Cyber Security Professionals during Covid
Latest trends in Physical Security
Challenges faced by the Cyber Security Professionals during Covid

Case Study

Challenges faced by the Cyber Security Professionals during Covid
Latest trends in Physical Security

How We Help

Our services help Banking, Finance, and Insurance services organizations to optimize financial, operational, regulatory and technology systems and processes. We have worked and are currently engaged with several BFSI companies to help them respond to the challenges they face today, including helping organizations restructure and emerge stronger
Find out how our services and products can help your organization stay protected