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BitSight for Financial Services

The financial services industry is a high value target for threat actors. Firms in this sector are 300 times more likely to be targeted by a cyberattack and over 50% of these companies are at heightened risk of becoming a victim of ransomware.

Because of the sensitive information held in their networks, financial services organizations have a lot to lose. The International Monetary Fund (IMF) found that cyberattacks are now responsible for up to $100 billion in losses to financial institutions.

The financial services industry is a high value target for threat actors. Firms in this sector are 300 times more likely to be targeted by a cyberattack and over 50% of these companies are at heightened risk of becoming a victim of ransomware.

Because of the sensitive information held in their networks, financial services organizations have a lot to lose. The International Monetary Fund (IMF) found that cyberattacks are now responsible for up to $100 billion in losses to financial institutions.

Understand and secure your firm’s expanding attack surface

Understand and secure your firm’s expanding attack surface

Determine if your third parties put your business at risk

Determine if your third parties put your business at risk

Maintain your firm’s reputation for excellence

Maintain your firm’s reputation for excellence

Stop talking about cybersecurity in tech terms, start talking about real business risk

Stop talking about cybersecurity in tech terms, start talking about real business risk

Financial Services Security Performance Management

Measure, monitor, and maintain ongoing security performance across payment systems, financial records, customer accounts, cloud services, vulnerable legacy systems, and more.

With BitSight for Security Performance Management, you can take a data-driven, proactive approach to assessing and evaluating your company’s expanding attack surface. With these insights you can reveal hidden risk, prioritize investments, inform resource allocation – and reduce your firm’s liability.

TPRM Portfolio Risk Matrix

Financial services firms are part of a vast interconnected, third-party ecosystem of partners and suppliers. Each creates a potential weak spot for cyber defenses.

BitSight for Third-Party Risk Management helps financial institutions mitigate that risk.

With BitSight, you can continuously monitor third-party security performance and drive efficient risk reduction across your vendor portfolio – from onboarding through the life of the contract.

Ransomware in Financial Services

Download the “Ransomware in the Financial Sector” eBook to see how the ransomware trend is specifically impacting organizations throughout the financial services industry, and how the right technology can combat the unique risks.

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Financial Services Regulation Logos

It has never been more important for the financial services sector to prioritize security performance management and meet regulatory standards of care for data privacy and security.

BitSight can help your firm demonstrate that it has effective and appropriate risk management frameworks in place to monitor and control security performance – across the enterprise and the supply chain.

With the insight that BitSight brings, you can continuously measure, monitor, and mature your company’s compliance with the Gramm-Leach-Bliley Act, FFIEC, SOC2, NYDFS 500 and global regulations like GDPR and DORA.

Financial Quantification for Enterprise Cyber Risk Product Screenshot

Because cybersecurity is a boardroom concern, you need to cut through the technical jargon and measure and report cyber risk in language that makes sense to board members.

With BitSight Financial Quantification for Enterprise Cyber Risk you can quickly and easily assess your company’s potential for financial exposure across multiple cyber events, including ransomware, denial of service, and more.

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3 Steps to Getting Started With Cyber Risk Quantification

There’s no question about it: cybersecurity is top of mind for the financial services industry — a high-profile target for malicious actors. Download our ebook for:

  • Insights into why it’s more important than ever to be able to quantify cyber risk
  • An overview of different cyber risk quantification KPIs and frameworks
  • A step-by-step guide on how to start quantifying cyber risk in business terms
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