Financial Security Services and Access Control Software

Manage vulnerability and access risks in a high-stakes threat environment

Continuous Threats in a Complex Landscape

Paragraph Media
Image
Hands typing on keyboard
Text

As high-value targets for cybercriminals, organizations in the financial sector constantly face security threats from both internal and external sources.

External threats are typically motivated by threat actors who seek to gain access to online banking systems through banking websites or VPN connections to steal account information, create chaos, or to see how deeply they can penetrate the network itself. Internal threats often arise from disgruntled employees, third party vendor vulnerabilities, or human error in response to phishing emails or other social engineering threats.

Both external and internal security threats expose sensitive financial information, customer data, and networks that manage account balances and transactions, eroding consumer confidence and causing disruption in the industry. 

These sophisticated threats and targeted attacks continue to test the readiness of financial services institutions and their security teams. We support financial services organizations by offering solutions to help them easily identify, prioritize, and manage vulnerability and access risks in a continuously changing threat landscape.
  

Advancing Regulatory Compliance

The pressure to maintain regulatory compliance in financial services is high and organizations are required to understand how to deal with changing financial cybersecurity regulations. Securing data, effectively managing the use of sensitive information, controlling access to systems and payments, managing business viability through stress tests, and ensuring appropriate roles and relationships between users and key stakeholders is an ongoing requirement for organizations in the financial sector. The Sarbanes-Oxley (SOX) Act of 2002 was created to protect investors by focusing on improving financial accountability. SOX established a number of provisions to improve transparency, reduce fraud, and outline penalties for those financial institutions found in violation. 

Compliance with the Payment Card Industry Data Security Standard (PCI-DSS) has also played a prominent role in financial services regulations. PCI compliance ensures financial services organizations accept and use payment card information to protect account data. The importance of PCI compliance has become a strategic imperative within the financial services sector and requires that organizations annually validate that they are complying by passing a vulnerability scan based on their number of card transactions and size. The increasing demands on financial services security teams can cause strain to keep up with not only cyberattacks, but also obligations to auditors at each level of government. 

Leading-Edge Financial Services Cybersecurity Solutions

Text

Financial services organizations today require sophisticated cybersecurity solutions that can address the increasing requirements of keeping customer and financial data secure, mitigating the risk of threats, and fully adhering to compliance requirements. With financial security services from Core Security, organizations in the financial sector can isolate and prioritize their most critical vulnerabilities and access risks, and easily manage mandated compliance audits.

 

Left Column
Image
Automated Security Administration

Intelligently and efficiently mitigate identity risk with our leading Identity Governance solutions.

Middle Column
Image
penetration tests

Conduct advanced penetration tests with ease with Core Impact.

Right Column
Image
network-insight-analyze-behaviors

Automatically and accurately identify any infected device in your network with Network Insight

Solution Benefits

Guarantee Regulatory Compliance

The tremendous amount of sensitive data that financial services organizations must protect has led to the rise in increased regulatory compliance in the last two decades. Regulations like SOX, PCI, and other financial industry mandates mean that organizations must find and use effective solutions that enable them to proactively monitor for potential risks that may prevent them from full compliance. Core Security provides Identity Governance and Administration (IGA) solutions to reduce identity related risks and enable financial institutions to properly manage access to systems, applications and devices—and ensure compliance in a highly regulated industry.

Decrease the Threat Surface

Credit card numbers and other sensitive financial information are stolen more frequently than almost any other records. By assuring that the right people have the proper access to these records, and continuously monitoring for both insider and outsider threats, financial institutions can reduce the chance that this data is compromised. With the right IGA solutions, financial organizations can also effectively create and manage user accounts, streamline the provisioning process, and ensure regulatory compliance to decrease the overall threat surface and significantly reduce identity related risks.

Boost Operational Efficiencies

Financial services organizations must also ensure they prioritize risks based on their Common Vulnerabilities and Exposure (CVE) score and determine how these risks impact their network structure. By conducting penetration testing with our industry-leading solution, banking and financial institutions can increase visibility into the effectiveness of their defenses, reveal their most pressing risks, and then work to actively address these vulnerabilities. Ongoing advanced threats also represent a particularly dangerous risk for financial organizations because data is not the only target for attacks. If hacked, banks can be continuously robbed, so network threat detection from Network Insight ensures that alerts received are for verified attacks—across any number of devices—including ATMs. This enables security teams to spend their time more effectively and strategically, where it matters most.

Reduce Costs

While financial services security has increased in recent years, vulnerability to attacks remains high. Financial institutions must continue to invest in leading-edge vulnerability and access risk management solutions to decrease the risk of attack and to save millions of dollars potentially in response to a data breach. Financial services teams can leverage solutions that easily and correctly provision users through a visual-first approach and guarantee access is protected. With automated provisioning and mobile password reset, security teams also spend less time on administrative work and more time protecting your network.

Text