Complete Cybersecurity
for Financial Firms
The Cybersecurity Challenge Financial Organizations are Facing
Cybersecurity has become an undeniable challenge for financial institutions around the globe. The financial sector continues
to be a prime target for cybercriminals due to the potential for high monetary gain. As banking and other financial services increasingly move online, the threat landscape continues to evolve and grow.
566 Breaches
caused over $254+ million Global Finance/Insurance user Record Leaks
From 55% in 2022
to 64% in 2023, the risk of Financial randsomeware attacks Increased
$5.9 million
is the average cost of a data breach for Financial Services industry
Common Cybersecurity Threats Targeting The Financial Industry
Phishing
Phishing attacks involve fraudulent emails and websites that trick staff members into disclosing login credentials, financial information, or downloading malicious attachments which leads to unauthorized access to sensitive data, financial losses, and damaged reputation.
Data Loss
Data loss can occur due to hardware failure, accidental deletion, or cyber-attacks aimed at destroying or stealing medical information resulting in disrupted operations, customer dissatisfaction, lost intellectual property, legal liabilities, and even business closure.
Ransomware
Ransomware encrypts vital data and demands ransom for its release, while malware infiltrates networks and systems, stealing or destroying sensitive information and resulting in operational disruptions, loss of data, financial burdens, and legal ramifications.
User Risk
Cybersecurity incidents are often caused by human errors such as weak passwords, and clicking on malicious links. Inadequate security practices put sensitive data at risk, leading to financial losses, damaged reputation, and loss of competitive advantage.
Complete Protection, Hassle-Free, Cost-Effective
Enhance Your Financial Security
Prevent disruption of financial services, maintenance of client confidentiality across transactions, and overall operations.
Build trust in data security for business owners, IT finance, and support operations.
Mitigate the financial risk of being sued or paying fines in case of a breach.
Secure patient records, cloud services, medical devices, maintain HIPAA compliance.
The Key Role of Abraxas in Boosting Cybersecurity in The Financial Sector
Executive Level
Individuals at the executive level are the gatekeepers to valuable and confidential data. They are responsible for educating their team about cybersecurity best practices, investing in advanced real-time threat detection technologies, and establishing partnerships with Managed Service Providers to ensure their business operations are efficient and secure.
Financial Professionals
Finance Analysts, Bankers, Accountants, are vital for effectively managing a company’s financial assets. They employ various software and hardware tools to optimize financial performance. Cybersecurity is crucial in their role since it safeguards the financial data and systems from cyber threats, thereby protecting the company’s financial integrity and stability.
Support Opperations
Support Operations teams such as software admins are the backbone of the finance industry, ensuring the smooth flow of tasks, from the basic administrative function to high-level strategic reasoning and decision-making. Therefore it is important to maintain a strong cybersecurity framework, ensuring compliance with protocols and regulations, and constantly attuning to the evolving cyber threat landscape.
Comprehensive Security Features
Cloud-native ITDR that benchmarks and analyzes user behavior to flag suspicious activity.
ITDR
Protect laptops, and desktops from cyber threats such as malware, and ransomware.
Endpoint Security
Stay ahead of potential email threats by leveraging a user-friendly API-based active protection.
Email Protection
Enable cloud data protection to achieve a safe and secure data collaboration with external users.
Cloud Data Protection
Equip employees to be the first line of defense against the evolving landscape of cyber threats.
Awareness Training
Continually simulating cyber attacks like phishing emails to highlight weak spots.
Phishing Simulation
Keep your browser secure with the Guardz extension for protection against viruses and malicious sites.
Secure Browsing
Gain actionable insights on external threats by scanning digital footprint and exposed vulnerabilities.
External Risk
Transfer the cyber risk associated with evolving cyber threats with tailored coverage at the right price
Insurance
