Cybersecurity Needs
for Financial Services
Banks, credit unions, insurance, investment firms, and other financial institutions are entrusted with vast amounts of sensitive customer data and financial assets, making them an attractive target for cybercriminals. By investing in cybersecurity, financial services firms can protect clients, ensure compliance, and maintain financial well-being.
Why is Cybersecurity Crucial for Financial Services?
Sensitive Data & Financial Assets
Financial assets, data, and sensitive customer info attract criminals. A data breach could lead to stolen funds, identity theft, financial fraud, and loss of customer trust.
Regulatory Compliance
Strict national and local regulations, such as the GLBA, PCI DSS, SOX, and many more, are designed to protect consumer data and ensure the integrity of the financial system. Non-compliance can result in hefty fines and legal repercussions.
Advanced Threats
Financial firms are more vulnerable to sophisticated methods and tactics by cybercriminals, such as DDoS attacks, SQL injections (SQLi), and other advanced persistent threats (APTs).
Operational Continuity
Cyberattacks can disrupt critical systems and operations, such as online banking platforms, trading systems, and payment processing networks. This can lead to operational downtime, financial losses, and a negative impact on customer experience and trust.
Key Metrics
300x
Financial firms are 300 times more likely to be targeted by cyber attacks compared to other industries.
$5.9
million
is the average loss per data breach for finance firms, which is 28% higher than the global average.
77%
of financial organizations detected a ransomware attack within a year.
Over>
98%
of the top fintech companies are vulnerable to severe cyber attacks.
Make it easy to protect your customer’s data, and serve thembetter with reliable, secure IT support.
Keep up with constantly changing regulations and technology
The finance and banking world is ever-changing. Not only are you required to stay up to date on the latest (and highly specific) compliance regulations. But you also must understand how the technology you use either helps you be compliant or puts you at risk.
Keeping up with these changes is a full-time job on its own. To ensure that you’re doing everything as safely as possible, without impacting the services you offer your customers, it almost feels like you need a whole team of experts. That’s where we come in.
Get industry-leading IT support for your business
We take managing the technical aspect of your business out of your hands and let you focus on serving your customers. You don’t have time to stop and fiddle with your computer every time it stops working. And you certainly can’t have your network down for any longer than absolutely necessary.
We have more than 20 years of experience helping companies in the financial and banking world maintain their tech stacks, protect their data, and find new and innovative ways to serve their customers.
How we can help your business
Better control over spending
You know exactly what you’re going to be spending each month.We don’t charge extra when we have to show up in-house, and you’ll never find any gotcha charges on your bill. This gives you the power to predict spending in a way that allows you to create incredibly accurate budgets.
Increased in-house knowledge
Our experts bring decades of knowledge and experience to your business. We know what works and what doesn’t in the financial industry because we have hands-on experience with the technology that drives businesses.
Enhanced security and compliance
We take care of security and compliance to ensure that not only is your business protected, but that the data of your customers is as safe and secure as possible.
Service agreements built for your business
The services we provide depend on what you need. We work closely with you to assess your needs, learn your business, and help you get the exact level of care that you need to thrive.
Helpdesk
Stop losing productive hours because your tech stops working. We provide 24/7 helpdesk services that help you reduce downtime and eliminate the burden of solving IT issues from your non-technical staff. You can get levels 1, 2, or 3 helpdesk services, depending on your needs. And, you can reach us via phone, email, or chat.
Network monitoring
You can’t run your business without your network, that’s why, like security, you need to be proactive when it comes to dealing with issues. We offer around-the-clock monitoring of your network, so we can stop problems as they arise, not after something has stopped working.
Digital transformation
If your business is still running on legacy infrastructure, it’s time to step into the 21st century and do business the modern way. Digital transformation helps you embrace technology that lets you be more flexible and safer, while opening up new and innovative ways to serve your customers. We offer everything from managed business intelligence solutions to cloud migration.
Security
To reduce the likelihood of a data breach, you need security that takes a proactive approach. We provide 24/7 security monitoring to help you stop hackers the moment they show up, not after they’ve gotten in. We ensure that everything is patched and up-to-date, that your system is protected against threats as they emerge, and that your staff knows exactly what a phishing email or other social engineering attempts look like.
Regulatory compliance
Compliance is a major concern in the financial sector. But keeping up is a challenge as regulations are not only changing all the time but new, often geo-specific rules are being introduced all the time, adding complexity to remaining compliant. We help you implement systems that are compliant with all regulations that you are required to follow and help ensure that when new regulations are introduced, you’re still covered.
Highlighting Risk: Catastrophic Cloud Misconfiguration
A security flaw in Capital One’s cloud servers allowed a hacker to access the personal information of over 100 million customers. The data breach cost the company $150 million in responses like notifying customers, credit monitoring, legal fees, and upgrading their systems.
– CNN
Acrisure Cyber Services understands Financial Services
- Tailored Cybersecurity Solutions: Built for the needs of the financial sector.
- Comprehensive Protection: Combining cybersecurity, IT support, and cyber insurance.
- Proven Track Record: Trusted by financial services firms nationwide.
Ready to better serve your customers?
If you’re ready to leave your technical problems behind and bring in a team of experienced, highly trained tech experts, let’s talk.