Cyber Security for Financial Services
Fortify your future and secure your reputation with a tailored cyber security strategy.
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Nearly half (47%) of companies now have a policy to pay ransoms associated with cybersecurity threats, a 13% increase from the previous year
"Only 8% of businesses that pay ransom to hackers receive all of their data in return"
"54% of central banks or supervisory authorities lack a dedicated cyber incident reporting regime"
Bespoke Cyber Security strategies for finance.
Safeguarding your organisation against cyber threats.
At Trustco, we provide bespoke cybersecurity services for financial institutions, aimed at safeguarding your business against cyber threats. Financial entities are prime targets for hackers seeking profit or disruption. Our solutions are designed to enhance your security, ensuring the safety and reliability of your financial services.
Cybersecurity isn't solely about technology; it involves understanding and managing risks effectively, which includes educating your team. Trustco's services extend beyond tech solutions, helping you navigate risks, comply with regulations, and select the right tools for your business.
We support open trade while emphasising risk management. With Trustco, your institution can confidently address cybersecurity challenges, securing your operations and fostering growth in a secure digital environment.
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Common types of cybersecurity risks in financial institutions.
Essential understanding of the most common risks for finance.
It's crucial for financial services businesses to understand the risks they face and follow rules to stay safe from cyber threats and to fully comprehend their risks and adhere to compliance requirements in safeguarding against cyber threats cannot be overstated.
Data Breaches.
Impact: Compromised customer data can lead to reputational damage, loss of trust, and potential legal consequences.
Ransomware Attacks.
Impact: Disruption of operations, financial losses due to ransom payments, and potential damage to critical systems.
Phishing Schemes.
Impact: Unauthorised access to sensitive information, leading to financial fraud and reputational harm.
Insider Threats.
Impact: Breach of confidential data, potential sabotage, and compromised integrity of financial systems.
Supply Chain Vulnerabilities.
Impact: Disruption of interconnected systems, leading to operational downtime and financial losses.
Advanced Persistent Threats (APTs).
Impact: Covert and prolonged attacks can result in unauthorised access, data exfiltration, and compromised business intelligence.
Denial of Service (DoS) Attacks.
Impact: Disruption of online services, leading to customer dissatisfaction and potential financial losses.
Regulatory Non-Compliance.
Impact: Fines and legal consequences for failing to meet cybersecurity regulations, impacting the overall financial health of the institution.
Weak Authentication Protocols.
Impact: Increased vulnerability to unauthorised access, risking compromise of sensitive financial information.
Internet of Things (IoT) Vulnerabilities.
Impact: Exploitation of connected devices can lead to unauthorised access and potential manipulation of financial transactions.
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$5.9 Million
Average cost of a data breach in the financial industry worldwide.Trustco's Cyber Security solutions
Trustco combine robust Cyber Security tools into a Swiss army knife of protection.Understanding the unique setup and requirements of your organisation allow Trustco to deliver a tailored package of cyber security solutions to prevent threats, isolate successful penetration from threat actors and recover quickly from any malicious or accidental breaches.
Trustco employ a variety of solutions to achieve your required level of threat protection.
Why Trustco PLC?
Choosing to work with us is a smart move for your financial organisation, here's why.We have been in business since 1998.
We work with big tech brands and emerging technologies.
We employ technical account managers and never use pushy sales tactics.
We've worked with some top financial organisations (but we don't talk about them publicly).
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Trustco pride ourselves on the skills and knowledge of our technical account managers. Book a call today to speak to an expert, not a pushy sales person.book a call with an expert
