Cyber Gnomes: The Cybersecurity Leader for Finance Services Organizations
The financial services sector is increasingly confronted with a myriad of cybersecurity issues. With an escalating dependence on technology, these institutions are at a greater risk of becoming targets for cyber attacks. Cybercriminals have the potential to exploit weaknesses within systems, networks, and devices, allowing them to pilfer critical data, cause operational disruptions, or even tarnish reputations.
The financial services industry is also facing several compliance challenges. Financial institutions must comply with various regulations to protect customer data, including the Gramm-Leach-Bliley Act (GLBA), the Sarbanes-Oxley Act (SOX), and the Cybersecurity Act of 2018. Compliance can be a complex and time-consuming process, and financial institutions must have a strong cybersecurity program to meet their compliance obligations.
- Credibility: Cyber Gnomes is a leading cybersecurity firm with over 10 years of experience helping financial services organizations protect themselves from cyberattacks.
- Business challenges: Finance services organizations are facing a growing number of cybersecurity challenges, including:
- Ransomware attacks: Ransomware is malware that encrypts a victim’s data and demands a ransom payment to decrypt it.
- Data breaches: Data breaches are another major cybersecurity threat. In a data breach, hackers gain unauthorized access to sensitive data, such as customer information, employee data, or intellectual property.
- Compliance: Finance services organizations are subject to various regulations, including the Gramm-Leach-Bliley Act (GLBA), the Sarbanes-Oxley Act (SOX), and the Cybersecurity Act of 2018.
- Scary cybersecurity numbers: The following are some of the scary cybersecurity numbers related to the financial services industry:
- In 2021, over 2,500 reported ransomware attacks on financial institutions were reported.
- A financial institution’s average ransomware attack cost is $1.7 million.
- The average time to recover from a ransomware attack is 21 days.
Cyber Gnomes can help: Cyber Gnomes can help finance services organizations protect themselves from cyberattacks by providing a wide range of services, including:
- Risk assessment: We will assess your cybersecurity posture and identify your vulnerabilities.
- Security architecture: We will design and implement a security architecture that meets your needs.
- Security implementation: We will implement your security architecture and test it to ensure it is effective.
- Security Monitoring: We will monitor your systems for signs of attack and take action to mitigate threats.
- Security training: We will train your employees to identify and avoid cybersecurity threats.
Contact Cyber Gnomes today to learn how we can help you protect your organization from cyberattacks.
