Improve efficiency and lower cost associated with cybersecurity requirements for your financial institution (FI)
Meet compliance requirements efficiently
Accelerate your response process
Optimize your cybersecurity spend
Partner with a specialized security provider with low overhead and high-touch service
Automate third-party risk assessments
Produce the right audit evidence while substantially reducing manual effort
Step up your cybersecurity maturity
Trojans, ransomware, website defacement, credential stuffing, phishing and distributed denial of service (DDoS) are among the top 10 threat actor attack methods. One industry watcher believes that too many organizations are slowed down by their bloated assortments of point products.1 An abundance of unintegrated tools creates more work, not more security. To better defend your organization, focus on:
1 The Fintech Times, 2020 Financial Services Cybersecurity Trends. December 16, 2019.
Streamline regulatory compliance
Staffing challenges hamper efforts to synthesize multiple financial sector cybersecurity regulations and guidance from entities such as Gramm-Leach-Bliley (GLB), Federal Financial Institutions Examination Council (FFIEC), National Credit Union Administration (NCUA), and the California Consumer Privacy Act (CCPA). Bring in security specialists that go beyond checking compliance boxes to help you eliminate bottlenecks, fine tune policies and processes, and lower costs to improve your overall cybersecurity posture.
Make the best use of your security budget
Small and midsize financial firms and credit unions are at a disadvantage. They need to comply with the same industry regulations as large organizations but with smaller budgets and less staff. Overcome deficits – in areas such as risk assessment, strategy, threat monitoring and detection, alert management, incident response – with flexible managed security services and affordable OpEx pricing.
Simplify an onerous aspect of cybersecurity in banking
Larger trading partners require your organization to conform to their security requirements and bombard you with unique risk assessments. Partner with the right security operations center (SOC) to automate evidence collection. This makes it far easier to hand off reports backed by third-party attestation. Our approach eliminates one-offs, improves accuracy and expedites remediation when findings need to be addressed. Look for a SOC that retains logs for at least 400 days to assure adequate history.
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Forrester® Report: The 12 Providers That Matter Most And How They Stack Up
This Forrester report highlights how your midsize organization can solve chronic cybersecurity challenges by partnering with the right MSSP.