Financial Industry

Security Beyond Compliance Needs

As technology becomes increasingly prevalent, the financial industry has experienced a corresponding increase in cyberattacks. Financial institutions of all sizes, including banks, credit unions, insurance companies, and new business models, are common targets for attackers. The consequences of a security breach can be severe for financial institutions, including compliance fines, reputation damage, and shareholder concern.

Additionally, many financial institutions have a traditional culture that may not prioritize IT security, leaving them vulnerable to attack. At Qualysec, our dedicated security consultants have extensive experience working with major financial firms and specialize in helping businesses recover from attacks and meet compliance standards

Financial Compliance Requirements

  • Compliance is a critical aspect of financial services, including information security.
  • Financial institutions are required to comply with Gramm-Leach-Bliley Act (GLBA) security requirements, and may also be subject to PCI-DSS and SOX.
  • In addition, many financial firms choose to adopt ISO 27001 as a way to demonstrate proper controls to customers and investors.
  • Adhering to these standards is essential for maintaining the trust and confidence of stakeholders in the financial industry.

Challenges and Threats

  • The financial industry faces a variety of security challenges due to its large, sensitive databases and applications.
  • External threats are not the only concern for IT professionals in this sector.
  • Legacy banking applications, poor development practices, and network complexities can all create vulnerabilities that attackers can exploit.
  • Even the largest financial firms are not immune to these issues, as demonstrated by breaches at JPMorgan and Citi.

Potential Impacts:

  • Service Downtime/Operational Losses
  • Compliance and PCI Fines
  • Reputation Impacts
  • Negative Press/Public Relations
  • Breach Lawsuits/Legal Fees
  • Loss of Customer Trust
  • Loss of Sensitive Data
  • Financial Losses
  • Decreased Productivity
  • Brand Damage
  • Compliance Violations
  • Loss of Business Opportunities

Additional Assessment Services for Finance

Qualysec leads the industry in web application penetration testing, identifying vulnerabilities in a range of programming languages and environments. Qualysec’spentest approach goes beyond the test cases mentioned in the OWASP top 10 SANS, NIST frameworks.

Qualysec offers top-tier mobile app penetration testing services, providing a holistic risk assessment to your mobile application. With industry-leading researchers and methodology in both ioS and Android, we provide deep dive testing into local, on-device security issues, back-end web services, and the API’s which connect them

Securing your IoT devices is crucial for the success and sustainability of your business.
Qualysec provides specialized security testing to protect your applications from threats. Our services give you peace of mind that your business is secure.

Secure your cloud infrastructure against security threats. Businesses are shifting towards cloud due to many benefits of its use.

With QualySec you can be assured for the safety of your cloud services and provide compliance assurance.

Process based penetration testing services for the financial industry

Our process manual penetration testing helps identify risks to user data and other sensitive information stored and collected. By uncovering vulnerabilities that may pose a threat to your application and user data, our testing can help ensure the protection of sensitive information.

what you get from Penetration test?

sample penetration testing final report-Qualysec

sample penetration testing retest report-Qualysec
sample penetration testing letter of attestation report-Qualysec
certificate_Qualysec_Top vapt services company in india

what client says about us?

See, How we help other clients like you?

Get a deeper understanding of our process and results by reviewing our case studies.

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This is what you can expect: