Focus On Fighting Cyber Crime In Financial Services

Financial services are at the heart of our global economy and it’s safe to say cyber crime is a major risk for the finance and banking and the high-profile cyber attack that saw hackers attempt to steal nearly $1 billion from Bangladesh’s central bank in 2016 is still the largest bank theft  in history. 

Effective cyber security techniques can protect networks, data, computers, and software, but finding the  right professional support with financial services expertise can be a challenge.

Cyber criminals are becoming increasingly ambitious in their use of technology to appropriate money undetected, before swiftly moving it around the world. Every organisation will have its unique risks, and no one model can serve as a one-size-fits-all approach to cyber resilience.

Cyber attacks are aimed at making unauthorised change, steal money, or destroy data. Some of the common types of cyber attacks are malware, phishing, ransomware, and social engineering. However, cyber crime and malicious hacking have intensified, at the same time, financial regulators  have increased their use of economic sanctions, targeting countries, public and private entities.

Needless to say, sophisticated cyber security for financial services organissations is more crucial than ever and  there are several cyber security companies focused on helping financial institutions keep secure:

Below are 3 Cyber Security Companies Tackling Cyber Crime:

Palo Alto Networks is shaping the cloud-centric future with technology that is transforming the way people and organisations operate. Their mission is to be the cyber security partner of choice, protecting our digital way of life.They help address the world’s greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration.

Auriga is a software solutions company specialised in end-to-end systems that integrate the various delivery channels used in retail banking. Auriga is focused on revolutionising the way direct banking channels work, by integrating all of them into a single integrated cloud system that boosts efficiencies and time-to-market, whilst becoming the global leader in self-service applications.

Auriga has developed a Cloud-based solution to manage all distribution channels coherently and with minimum effort, regardless of the manufacturer of the terminals.

NsKnox is a cyber security company focused on protecting corporations and banks against cyber-fraud carried out by insiders or outsiders, preventing significant financial losses and reputational damage.

Leveraging its Cooperative Cyber Security (CCS) technology to combine the cyber strength of multiple organisations, NsKnox’s solutions detect and prevent finance & ops infrastructure attacks, social engineering, business email compromise (BEC) and other Advanced Persistent Fraud attacks.

By delivering an integrated platform and empowering a growing ecosystem of partners, these three  are at the forefront of protecting tens of thousands of organisations across clouds, networks, and mobile devices.

Deloitte:       McKinsey:       BAe Systems:          IBS Intelligence:    FinExtra:      WEForum: 

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