Financial institutions hold vast quantities of high value information, including client data, banking records, proprietary research and trading algorithms, which is at constant risk of being compromised.
In the face of growing threats, and under pressure from regulators, trading partners and customers, it is vital that organisations such as banks, hedge funds, wealth management firms and private equity houses make the right security investments to ensure that this data is fully protected.
Common cyber security challenges in the financial services sector include:
• Defending growing and increasingly fragmented network infrastructure
• Integrating new technologies alongside legacy systems
• Balancing system accessibility with security
• Minimising the financial and reputational damage of breaches
• Achieving compliance with the GDPR, SWIFT CSP and FCA regulations
Redscan is well placed to help financial institutions tackle the complex challenge of achieving compliance with the General Data Protection Regulation (GDPR). Enforced from May 2018, the GDPR sets strict data security standards, requiring organisations to protect personal data and report breaches to the relevant authority within 72 hours.
By helping financial services organisations to understand and address gaps in their cyber security as well as proactively detect and remediate threats when they occur, Redscan’s affordable managed cyber security services support quick, hassle-free GDPR compliance.
€20 million or 4% of global turnover (whichever is greater)
The maximum GDPR penalty for a cyber security breach.
Functioning as an extension of in-house IT resources, ThreatDetect™ is an award-winning MDR service supplying the capabilities needed to monitor, hunt for and remediate cyber-attacks and breaches 24/7.
Experience a real-world cyber-attack simulation to identify the weaknesses an attacker could exploit, quantify the value of data that could be exfiltrated and assess the effectiveness of security investments.
Our CREST-approved, fully customisable pen test engagements enable you to identify vulnerabilities and exposures in your infrastructure, applications, people and processes in order to reduce security risk.
"If you want a solution where someone will look after you 24/7 and give you a very flexible, professional and agile service – you want Redscan"
"Should I need any security testing again in the future, Redscan would be my first port of call!"
"Redscan’s hands on approach identified security flaws that had previously been overlooked by other vendors"
“Redscan has given us a third party stamp of approval for our IT security and the reassurance to know we are as secure as possible.”
“We’ve established a successful partnership with Redscan – their market leading cyber security offering is strong and we’ve won some exciting projects together”
Recent research indicates that the cyber security skills shortage is now approaching 3 million professionals globally. This blog examines the statistics and explains how, by outsourcing security …
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