Securing your financial services business
Protecting investors means protecting their data, too. 71% of all cyber-attacks are financially motivated. In 2020, cybercriminals exposed an estimated average of 350,000 sensitive files for every attack. The majority of U.S consumers don’t believe that businesses have the ability to secure their financial information. We can understand why considering that a new online threat is launched every 39 seconds around the world. Cybercrime is a big deal in the financial industry as it results in a loss of $2.9 million dollars every single minute. Most companies that fall victim to a major data leak will not be able to continue business due to lack of money, and loss of current clients.
Here are seven reasons why you need to secure your financial services business as soon as possible:
- Excessive malicious SPAM
- Increase in data leaks and breaches
- To keep up with industry regulations
- Lack of organization of big, sensitive data
- Phishing attacks and Spoofing attempts
- Malware, Ransomware, and Viruses
- Insider threats / Employee error
How Vulnerable Are Financial Services to Online Threats?
A staggering 95% of all stolen records are from within the United States. Financial services like banks and investment firms face a wide range of online threats due to the very nature of their business. In fact, financial service firms were hit 300 times more than other businesses of the same size in 2020. The most common types of cyber-attacks on financial service businesses include: credential and identity theft, email hacking, phishing attacks, employee mistakes, and ransomware. As of 2021, the industry has documented a sharp increase of attacks to gain access to money, and to capture sensitive information like account information containing personal and financial information, to resell on the black market.
Our #1 Security Recommendation
To increase your company’s resistance against cyber-threats, start with powerful email security, then add web security and data protection. For good measure, try our email outage protection which ensures that you always have access to email even during service disruptions.
Our top solutions for Financial Services
Email Security for Office 365 and Gmail
Hundreds of American financial services companies trust ExchangeDefender to protect their data, and to keep their employees, and client information from getting hacked online. We can safeguard your business from cyber threats like malicious spam, phishing, account takeovers, malware, and ransomware using our advanced multi-layered security suite, ExchangeDefender PRO.
Email Encryption
Industry regulations like FINRA, SEC, and PCI-DSS require that financial services provide a reasonable, secure way to store and transmit sensitive information. 365 Defender Email Encryption offers you the ability to encrypt emails easily, and share files safely. A first of its kind, our encryption software can send encrypted messages in three different ways: by email, web link, or sms text message.
Email Archiving
It is crucial for your organization to adhere to strict regulations to be in compliance when it comes to your data including your emails. 365 Defender Email Archiving guarantees compliance with tamper-proof, unlimited email storage. Our archiving solution stores every email that is sent and received. It also includes fast eDiscovery search and compliance manager controls.
Secure File Sharing
Our Web File Server solution protects your business from cloud application threats. It enables your team members to upload, manage, and share documents securely. The file sharing app is encrypted, and provides full reporting of all activity for accountability and transparency. No training required, WFS is an easy-to-use file sharing platform. Get started in minutes!
