• Book Demo

Security Intelligence for Financial Services

Security Intelligence Helps Financial Services Institutions Think Ahead About Vulnerability Management

Vulnerability management challenges in financial services environments

Facing sophisticated advanced persistent threats and targeted custom attacks, financial services institutions are compelled to be at the forefront of IT security. Despite adhering to stringent compliance mandates, the financial sector continues to pose a high-value target for cybercriminals, cyber terrorists and enemy states. According to the FDIC, over $700 million in losses were sustained by financial institutions in the first quarter of 2010 alone. The costs and challenges continue to mount today:

  • Preempting costly breaches and identity theft – Financial institutions incur an average cost of $249 per compromised record (Ponemon Institute, 2010 Global Cost of a Data Breach) – not to mention  decimated brand perception and shareholder value.
  • Adhering to the letter and spirit FFIEC, PCI and other regulations – FFIEC, PCI, SOX, GLBA and other compliance initiatives place tremendous strains on operational efficiency, and “checking the box” still doesn’t ensure ongoing security.
  • Mitigating insider threats (intentional and accidental) – Electronic channels, mobile applications, new endpoints, and partner web applications present prime targets for inside attacks, policy circumvention, phishing and malware.
  • Preempting supply chain exposures – Disparate networks of supply chain partners can present potential backdoor targets for attackers, making it critical to assess network interaction points on a regular basis.

Try our unique ROI Calculator to see how your organization can save costs across the board with CORE. 

Getting Proactive About Financial Services Vulnerability Management

Security point solutions, such as those for malware and fraud detection, are usually built to defend or react to threats. This model poses inherent gaps, including overwhelming amounts of data and little correlation between solutions to pinpoint true business risks. CORE solutions for vulnerability management, security risk management and vulnerability scanning enable financial institutions to get ahead of threats by continuously identifying and proving risks to personal information, account data, and other critical assets. Our customers gain visibility into their security standing, validation of their security controls, and metrics to more effectively secure their organizations. CORE's innovative penetration testing and vulnerability validation solutions allows their customers to proactively secure their critical infrastructure. 

Business Benefits and Key Capabilities for Financial Services Vulnerability Management

CORE Security Business Benefits for Financial Services Predictive Security Intelligence Capabilities for Financial Services Vulnerability Management

Predict risks to customer data and other critical assets

Take an offensive, real-world approach to assessing the security posture of your operations. Pinpoint exploitable weaknesses in your environment before breaches occur.

 Proactively simulate and replicate attacks

  • Simulate threats in network environments without risking disruptions to production systems
  • Safely replicate attacks targeting web applications, end-users and endpoints, network systems and devices, mobile devices and wireless networks
  • Get commercial-grade security assessment capabilities with over 30 updates per month

Validate and communicate risk in
business context

Present security data in terms that the CFO will understand.  Don’t just identify technical exposures – reveal their implications on the business and relay risk in context of the organization’s unique business asset classifications, geographic locations, compliance mandates and more. 

Reveal attack paths to business assets spanning multiple threat vectors

  • Reveal chains of vulnerabilities spanning from web applications and endpoints to backend customer databases, intellectual property, etc.
  • Present dashboards and reports delineating specific at-risk assets such as client web portals, trading platforms, back-office systems and settlement platforms.

Increase security efficiency and effectiveness

Know where to take action and how to optimize budgets. Focus security, IT and change management resources on addressing proven security issues – rather than on wading through endless security logs riddled with false positives.

Streamline and unify vulnerability
management processes

  • Validate data from across your security ecosystem, using real-time testing and analysis to pinpoint critical threats and eliminate false positives
  • Scale the frequency and scope of assessments across your entire infrastructure, including remote locations and web applications across bank branches, corporate networks, trading partners and back-office locations

Follow the letter and spirit of the PCI DSS, FFIEC and other regulations

Don’t just check the compliance box once a year – gain ongoing predictive intelligence for continuously predicting threats and preempting business risk.

Comply with mandates for proactive IT security assessment and enhance overall security

Directly contribute to performance objectives and ensure security awareness

Mergers, new channels, staffing changes: Change is the only thing that is constant in financial services. This environment necessitates continuous improvement in security practices and awareness to safeguard business assets and minimize downtime – so your organization can focus on customers.

Continuously assess security defenses
and awareness

  • Continuously assess large, diverse IT environments
  • Conduct security awareness testing through safe and controlled replication of social engineering threats
  • Proactively evaluate defensive technologies such as intrusion prevention systems and firewalls to keep up against real-world attacks
  • Maintain asset visibility by automatically sensing and adapt to changes in infrastructure

Next Steps

Request Info