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Cybersecurity for Financial Services

Securing the Modern Digital Financial Institution

 According to Cybersecurity Ventures’ 2019 Official Cybercrime Report, financial services is one of the top five “most cyber-attacked industries.” Customers and members continue to demand more advanced technology from their financial institutions, providing more convenient ways to conduct transactions. As the industry’s use of technology continues to grow, it is critical that financial institutions scale their cybersecurity efforts to remain competitive and protect their institution and clients.

This exponential growth of technology in the financial industry expands a financial institution’s attack surface and drastically increases the number of known and unknown vulnerabilities, posing significant risks and opportunities. Strong cybersecurity is, arguably, an institution’s greatest challenge. Now, more than ever, protecting the data of your customers’ or members’, in addition to your institution’s reputation, operations, and bottom line should be at the top of the priority list. Taking an offensive approach and investing in strong cybersecurity will protect your technology investments, provide peace of mind, and help you achieve your strategic goals.

How HORNE Cyber Can Help

HORNE Cyber has experience with financial institutions of all sizes, from publicly traded banks to community credit unions. For years, we have partnered with our clients to support and equip them to make wise and secure business decisions, helping them reach their specific goals. With expertise, experience, and knowledge of the industry, HORNE Cyber can elevate your financial institution beyond compliance to leverage cybersecurity and cyber assurance as a tool to grow and protect your business.

HORNE Cyber can help your financial institution:

  • Assess security posture and identify critical vulnerabilities
  • Strengthen security and better protect confidential information through remediation of identified vulnerabilities
  • Exceed audit and compliance requirements
  • Identify security alerts in real time
  • Improve visibility and effectiveness of controls
  • Improve employee security practices through effective policies and procedures
  • Mitigate third party vendor risk

IT Audit

Conducting a risk-based, institution-specific IT audit, completed in accordance with FFIEC IT auditing standards, will provide your institution with a comprehensive understanding of your risks and potential barriers.

Advanced Penetration Testing

By manually emulating the aggressive actions of true attackers, advanced penetration testing goes beyond compliance-accepted common vulnerability scans that identify publicly-known vulnerabilities to find, exploit, and leverage institution-specific vulnerabilities, including both publicly-known and unknown, to gain access and determine the impact of that access on your financial institution.

Managed Threat Hunting (Cybersecurity Operations Center)

Network monitoring is now a best-practice for financial institutions and is evaluated in many auditing processes. HORNE Cyber’s cybersecurity operations center (CSOC) provides your financial institution with 24x7x365 situational security awareness through round-the-clock network monitoring and threat intelligence. Managed Threat Hunting removes the burden of sifting through a magnitude of false positives allowing your IT team to focus their efforts on daily operations of your financial institution.

Policy and Procedure Development and Review

A policy and procedure review provides guidance to help your financial institution better manage risk while leveraging the inherent strengths of your system through improvement of your IT policies and procedures.  Improving your IT policies and procedures will help your institution go beyond baseline compliance to better secure your institution and improve your overall IT governance.

Vendor Management

Vendor management services, such as a vendor risk assessment, empower your financial institution to make secure decisions when choosing to outsource or engage with third-party vendors. Understanding how a third-party vendor’s risks may impact your financial institution is critical in proactively taking steps to secure your operations, reputation, and data.