Cybersecurity for Finance and Insurance Industry
Finance and insurance are critical industries that are responsible for handling large amounts of sensitive data. This data can include everything from customer financial information to medical records. If this data were to fall into the wrong hands, it could be used to commit fraud or identity theft. As a result, cybersecurity for finance industry is essential for organizations in this.
Our custom solutions help organizations in the cybersecurity for finance & insurance industry secure their IT systems and applications against the modern cyber threats their industry is the most faced with, such as:
Data Breaches
The finance and insurance industry was the second most targeted by data breaches in 2021, with 1,023 incidents reported. The average cost of a data breach for this industry was $8.64 million.
Social Engineering
There were 4,382 reported phishing attacks in the finance and insurance industry in 2021. The average cost of a phishing attack in this industry increased by 28.6% to $1.6 million during that time.
Malware Attacks
Around 100 ransomware attacks were recorded in the finance and insurance industry in 2021. The average ransom amount paid by organizations was $4.4 million.
The Key Cybersecurity Challenges for This Industry
Our Cybersecurity Solutions For Finance & Insurance Companies
Application Security
Conduct expert-led penetration testing to identify vulnerabilities in your mission critical applications
Web applications, mobile applications, APIs, etc.
COMPLIANCE SERVICES
Achieve and enforce compliance with various Cybersecurity for Finance standards efficiently and with minimal overhead
PCI-DSS, GDPR, SOC 2, CCPA, NYDFS 2300, SOX, HIPAA, etc.
NETWORK SECURITY
Simulate real-world cyberattacks on your corporate network and secure your assets
Internal network, external network, wireless network, etc.
WHAT OUR CUSTOMERS SAY
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