Cyber Security For Financial Services

Cyber Security For Financial Services

Financial Services Firms, including banks, investment firms, and insurance companies, are subject to a variety of regulations and guidelines aimed at safeguarding their data and their clients’ data from cyber threats.

Cyber Security Legislation & Requirements Financial Services

Gramm-Leach-Bliley Act

One of the key regulations that Financial Services Firms must comply with is the Gramm-Leach-Bliley Act (GLBA), which requires these firms to establish and maintain comprehensive information security programs to protect the privacy and security of customer information.

Securities and Exchange Commission

Additionally, Financial Services Firms are often required to adhere to the cybersecurity regulations outlined in the Securities and Exchange Commission (SEC) rules, such as Regulation S-P, which focuses on the privacy of consumer financial information, and Regulation S-ID, which addresses identity theft red flags.

Federal Trade Commission (FTC)

Furthermore, the Federal Trade Commission (FTC) plays a significant role in regulating cybersecurity practices for Financial Services Firms, enforcing laws related to consumer protection and data security. The FTC’s Safeguards Rule requires these firms to develop, implement, and maintain a comprehensive information security program to protect customer information.

National Institute of Standards and Technology

Financial Services Firms are also encouraged to follow industry best practices and standards, such as the National Institute of Standards and Technology (NIST) Cybersecurity Framework, which provides a risk-based approach to managing cybersecurity risks and enhancing resilience.

In summary, Financial Services Firms are obligated to implement robust cybersecurity measures, including encryption, access controls, incident response plans, employee training, and regular security assessments, to mitigate cyber risks and protect sensitive financial data. By staying informed about regulatory requirements and industry standards, Financial Services Firms can enhance their cybersecurity posture and maintain the trust and confidence of their clients.

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WHAT WE PROVIDE FOR OUR FINANCIAL INDUSTRY CLIENTS

A fortress is built by many bricks and mortar. A single brick is solid, however working well with mortar and the proper alignment create a secure space for the valuable contents within the wall it creates. At Cyber631, we have designed a fortress with the specific security tools working together to build the fortress needed to protect against these emerging cyber security threats.

• ESET Cyber Security Protect Complete – The software that not only stops breaches, but simply prevents them. ESET is one of the top security software systems in the world, it acts a shield to deter cyber threats.

Complete ESET Security Software Includes:

• • Console
  • Modern Endpoint Protection
  • Next-Generation
Antivirus
  • Network Attack
Protection
  • Device Control
  • Anti-Phishing
  • Server Security
  • Mobile Threat Defense
  • Full Disk Encryption
  • Advanced Threat Defense
  • Vulnerability & Patch Management
  • Mail Server Security
  • Cloud App Protection

• Cyber631 Data Backup Services & DRaaS – Our system will double encrypt your data and backup to secure servers as frequently as needed. COMPLETELY AUTOMATED & ZERO DOWNTIME.

• ASCERIS – Our technical support is available 24 hours a day 7 days week. In the unlikely event of a breach or incident, we will be available to secure the threat to your systems.