Financial Services

Banking, insurance, financial trading platforms and stock exchanges have embraced digitalisation very fast, coming up with more and more efficient technologies for both private and corporate customers.

One may open a bank account, send and receive money transfers, get loans, open insurance claims, invest funds and pay almost all kind of bills without even thinking about the physical financial institution. Moreover, technological innovations disrupt the traditional business models, introducing robotised customer service, contactless payments, smartphone based IDs and cryptocurrency exchanges. Direct access to the financial flows via digitalization make financial industry the top most frequently attacked by the cyber criminals. The financial sector has historically attracted various types of criminals, now it is also the top target of cyber attacks.

  • Numerous breaches

    Every year financial institutions worldwide report numerous breaches resulting in stolen credit card, authentication and personal data of private and business customers. Such incidents often result in minor individual financial losses combined with the massive number of victims. At the same time the cryptocurrency exchanges recently faced another type of cyber-attack, which caused significant financial losses, forcing particular companies into bankruptcy.

  • Indirect attacks

    Cyber attackers not only target the financial institutions directly, but also compromise their systems to reach their network, websites and mobile application. There is a massive fraud growth using Social Engineering with aim to target financial organisations employees from one attack vector and vice versa to target financial organisation customers and private clients. The types of cyber risks that organisations are facing range from insider threats (including internal leakage and inside trading), human errors, malicious software, phishing, ransomware, distributed-denial-of-service (DDoS) as well as many other targeted cyber-attacks. The consequences of all the breaches are usually long lasting, predominantly due to damaged company reputation. In the majority of cases the organisation doesn’t even know about the breaches and theft, sometimes it might take months or years to discover cyber crime cases.

Cyber Circle threat management

Cyber Circle helps financial organisations to strengthen their cyber security strategy and protect their daily financial operations. Cyber Circle combines a highly professional cyber security team and constantly developing techniques for fighting cybercrime. Cyber Circle offer pre-emptive measures such as cyber security audits to identify vulnerabilities, data security and cryptography, simulation of cyber-attacks to test both security measures and employee awareness. Cyber Circle shares practical experience and educate personnel to build powerful cyber resilience.

Cyber Circle professionals constantly follow the latest cyber security trends and specifics for different industries. We are keen to share our knowledge and expertise.

Contact Us