Our Cyber Security Mission

To ensure that a Regulatory approved Information and Cyber Security policy is in place with all Banking and Financial Services.

To ensure that necessary implementation procedures are laid down by Banking & Insurance for Information and Cyber Security related issues.

To ensure that Banking & Insurance Services are adequately prepared to mitigate Information and cyber security related risks.

To ensure that an in-built governance mechanism is in place for effective implementation of Information and cyber security frame work.

Cyber Security Services

Mask data on premises or in the cloud.

The world is full of new regulations and they do require transformational approaches on the level of people, processes, strategies and technologie

Vulnerability Assessment & Penetration testing Services

Automation, eliminating the data friction to application projects.

Authentication and authorization as a service (IDAM).

Continuously deliver data without the risk.

Addresses both physical and virtual environments security and compliance and also supports the current and future needs of the business, and complies with all IT-related mandates.

Manage, control, and deliver data in the cloud.

Why is Cyber Security Important for your Business?

Cyber-related incidents represent a growing threat to the reputation and economic stability of financial institutions. The ubiquity of cyber risk raises many questions about all areas of Banking and insurer’s business and organizations.

 

The banking & insurance sector is vulnerable to cyber incidents. Financial institutions collect, process, and store substantial volumes of data, including personally identifiable information. Insurers are connected to other financial institutions through multiple channels, including investment, capital raising, and debt issuance activities. Insurers execute mergers and acquisitions and other changes in corporate structure that may affect cybersecurity. Banking & Insurers outsource a variety of services, which may increase exposure to cyber risk.

 

Further, due to rapid development of Information Technology, there are many challenges in maintaining confidentiality of information. The technology even though has many advantages, brings in risks associated with it like any other technology. With the fast growth of web based applications, cyber threat landscape has been growing and there is concern across all sectors.

 

This shift is driving increased investment in traditional core IT systems (e.g., policy and claims systems) as well as in highly integrated enabling platforms such as agency portals, online policy applications and web- and mobile-based apps for filing claims.

 

Banks must comply with standards and regulations such as PCI DSS, GLBA, and privacy laws. They also look to implement information security management systems that follow industry best practices such as ISO27001 to govern their security program. Insurance firms often possess large amounts of personally identifiable information (“PII”) and protected health information (“PHI”); safeguarding such information in digital format is technologically challenging and expensive.

 

In the 2018 Global State of Information Security® Survey (GSISS), 40% of survey respondents from organizations using robotics or automation say the disruption of operations, would be the most critical consequence of a cyberattack on those systems. Despite an awareness of disruptive cyber risks, companies often remain unprepared to deal with them.