The financial services industry is the second most targeted industry by hackers. It is also one of the most highly regulated. The huge amount of assets and customer data are tempting targets for financial gain. Considered a critical infrastructure sector, the financial services industry is also a target of those who would like to disrupt the U.S. economy. The threat landscape continues to shift and evolve, as do regulations for financial services companies such as insurance, lenders, investment managers, and financial advisors. Both Federal and state regulations require technical, administrative and physical safeguards to protect non-public information. Scrutiny is increasing from regulatory bodies like the SEC and FINRA. Industry and state mandates such as the NAIC Insurance Data Security Model Law and 23 NYCRR 500 are causing many companies to develop documented, formal cybersecurity programs where previously there were little to none.
As websites and mobile devices become the preferred service delivery platforms and more data is stored and accessed in the cloud, it is critical to consider the interdependencies of applications, third parties, and the security risks they may present. Securing and defending information and information systems increases in complexity as the environment changes. Simply meeting compliance requirements is not enough to address data and technology risks. A comprehensive approach is needed to manage the people, processes, and technologies that might compromise sensitive information.
We offer a wide range of security assessment and compliance services to help you take the proactive steps needed to secure and defend your organization and meet regulatory requirements.
Reach out to us to schedule a consultation and learn more about our cybersecurity assessment and advisory services. We will help elevate your security and demonstrate your compliance so that your organization can grow and thrive.