# Financial Cybersecurity Services From client information to banking records to proprietary research and trading algorithms, the valuable information held by financial institutions is always at danger of being attacked by cybercriminals. ## Overview The attraction of **ongoing transactions** has left financial services as a prime target for some of the most destructive hackers. With **developments in fraud technologies**, it is becoming obvious that cybercriminals are shifting their attention away from the “easy pickings” of customers and towards the more difficult but rewarding targets given by service providers directly. As a leader at a bank, hedge fund, wealth management business, or private equity firm, you understand the value of **cyber resilience and securing the sensitive data your company possesses**. But how can you balance the requirement to **modernise IT systems** and **promote business objectives** while **mitigating information security risks**? ## Challenges ## Do these challenges sound familiar? - Protecting sensitive personal and financial information - Defending the expanding network infrastructure - Achieving a balance between cyber security and system accessibility - Complying with APRA CPS 234 other mandatory data security standards - Safely mitigating the rise in cyber breaches and DDoS attacks - Detecting and responding to security flaws $$ 8 0 1 2 3 4 5 6 - Average cost of a data breach in Australia 8 0 1 2 3 8 0 1 3 4 5 7 8 0 1 2 4 5 6 8 9 0 2 3 5 6 7 9 0 - % Of breaches in finance sector are caused by human error 8 0 1 2 3 4 5 8 0 2 5 7 0 2 4 7 9 2 4 7 9 1 4 6 9 1 3 6 8 1 3 - % Increase in cyberattacks on the finance sector since 2020 ## Key Questions Key security questions for finance providers ### In the case of a cyber incident, how would services be affected? ### How frequently is infrastructure checked for flaws? ### Is operational resilience assessed on a regular basis? ### Are enough controls in place to detect and respond to threats? ### How is the personal information of clients adequately safeguarded? ### Are there methods in place to protect against insider threats? ## Compliance ### Cyber security compliance in the finance industry During the **COVID-19** outbreak, financial institutions were at the forefront of cyber risk response. Their already **high exposure to cyber risk** has been exacerbated by a shift towards increased **working from home** (WFH) and other operational difficulties. We can assist you in **enhancing your data and information security** to the degree required to comply with **APRA CPS 234**, **PCI DSS** and other security requirements. ## Need advice about compliance in finance? [Get in touch](/content/contact-us/index.html) ## Build your defences ### Gridware’s Preventative Services #### Penetration Testing **Rapidly and efficiently** determine the extent to which your network and assets can defend against cyber threats by testing them against common exploits and vulnerabilities. [Learn more](/content/penetration-testing/index.html) #### PCI DSS Penetration Test Regular assessment of your organisation’s systems and processes is among the key controls mandated by the **Payment Card Industry Data Security Standard**(PCI DSS) to protect cardholder data. [Learn more](/content/penetration-testing/pci-dss-penetration-testing/index.html) #### Cloud Security Audit Gridware will support the improvement of your cloud network monitoring capabilities to the level needed to **detect and respond to cyber threats that target cloud infrastructure**, services, and applications. [Learn more](/content/services/cloud-security-audits/index.html) #### Network Security Penetration Testing A form of ethical hacking that aims to **validate or invalidate** the efficiency of **defensive network controls** and determine what needs to be done to bolster them. [Learn more](/content/penetration-testing/network-security-penetration-testing/index.html) #### Cyber Awareness Training Gridware conducts **information security training and workshops at your business**. We provide **in-house training seminars** for your staff to educate on phishing prevention, social engineering and best practice cyber procedures. [Learn more](/content/cyber-security-awareness-training/index.html) #### Risk Audit Our team of cyber security consultants will perform a cyber risk assessment that will **identify gaps in your existing policies and procedures**, and provide detailed observations and remediation plans to help achieve your most ideal state of security. [Learn more](/content/cyber-risk-audit/index.html) ### In the event of a breach ## Gridware's Protective Services #### Ransomware Data Recovery In the event you are subject to ransomware, Gridware’s incident response consultants can be **logged in remotely within minutes** to implement our proprietary incident response methodology. #### Data Breach Investigation Gridware will **immediately** assess the **extent of the breach**, the severity of the incident, the likely impact it will have on the business, and **support your organisation** through the remediation activities. ## How we helped leading finance provider Astute Wheel [Read Case Study](/content/blog/gridware-case-study-how-we-helped-fintech-leader-astute-wheel/index.html) ## Get a Quote ## Speak to an Expert Today Speak to a professional today and get a quote for our penetration testing service. ## Insights Gridware is proud to be a thought-leader in cybersecurity, creating and leading conversations in this space. Check out a selection of our published work from our Sydney based Cyber Defence Centre (CDC), and learn how our cyber expertise has led to partnerships with leading Australian Universities. [View Insights](/content/resources/index.html)