Financial Institutions

Cybersecurity for

Cybersecurity in banking and fintech is crucial to safeguard the integrity of our banking and investment systems, avoiding disruption potentially resulting in insolvency or theft of funds.

Banking breaches are increasing rapidly in both sophistication and frequency

Cloud environment intrusions have increased by 75% year over year

Ransomeware attacks increased to 64% of all financial institutions in 2023

Complex system level intrusions have seen a significant rise in the past year

The problem is complex and focuses on three primary areas

Employee Training

Accomplished through simulated phishing, ransomware prevention, and other human-centered means

Control Implementation

Administrative, technical, and physical safeguards are key to satisfying GLBA requirements

Risk Assessment

GBLA requires frequent security and privacy risk assessments, ideally annually

WE HELP YOU NAVIGATE THE COMPLEXITIES OF PERSONNEL MANAGMENT, SECURITY OPERATIONS AND RISK MANAGEMENT

We will build a robust security framework across these eight critical areas - safeguarding both customer money & data and the integrity of the banking & finance industry.

Managing Risk

Developing a risk profile that

best supports both the institution and the customers

Policy Creation

Authoring internal and external policies and SOPs guided by GLBA

Implementing Safeguards

Establishing security controls for infrastructure guided by GLBA and supporting employee safety

Vendor Management

Executing supplier assessments & building SLAs for cloud and banking & fintech applications

Measuring Effectiveness

Performing gap analysis against common financial compatible security control frameworks

Incident Response Planning

Identifying, mitigating, communicating, and reporting on system breaches

Staff Security Training

Developing technical and admin employee awareness training and evaluation programs

Cyber Governance

Reporting to bank technical and operational executives and boards & trustees

OUR PROCESS

1. Assessment

2. Buildout

3. Transition

In this initial phase, Security Counsel will conduct research, evaluate current systems and processes and create a strategy framework to guide the execution of subsequent phases.

In Phase 2, we will create the foundation of the security program and implement new SOPs. We will iteratively assess, refine, and report on the security plan until it is running smoothly and is self-sustaining.

Finally, we will transition the program to your organization by helping you hire and train your security team and provide ongoing mentoring & on-call support as needed.

FROM THE LEADERSHIP

"We understand the biggest security challenges plaguing financial institutions and financial service providers today. We can create and support a security program that solves your most urgent problems in order to prevent service delivery interruption and support financial compliance."