Waident’s Cybersecurity Services for Banks
In the financial industry, cybersecurity should never be an afterthought.
Waident offers comprehensive, proactive cybersecurity services for banks and other institutions in the financial sector, to ensure robust protection against ever-evolving cyber threats.
We discover and address vulnerabilities or security gaps in financial institutions’ online systems and provide a suite of services designed to keep cyber threats at bay.
Want to talk with a cyber security expert about best practices for keeping your bank safe from top cybersecurity threats? Let’s schedule a time to talk.
Check out all we do to keep banking institutions cyber secure.
Realtime Cyber Threats
Compliance With The NIST Cybersecurity Framework
Waident Technology Solutions helps financial institutions adhere to the NIST Cybersecurity Framework, an essential guide for organizations to improve their cybersecurity posture. By following this framework, financial institutions can better manage and reduce their cybersecurity risk, safeguard critical infrastructure, and protect sensitive customer data.
We Take Banking Security Seriously—Network Security Solutions
Our banking sector network security solutions defend banks’ networks from unauthorized access, misuse, data breaches, and other cybersecurity attacks. We utilize advanced tools and technologies to monitor, detect, and prevent cyber attacks while ensuring maximum network uptime and performance.
Virtual Private Networks (VPN)
Banks often deal with highly confidential information that needs to be transmitted securely over the internet. Our VPN services establish encrypted connections, enabling bank employees to access the network securely from remote locations.
By using Waident’s VPN services, financial institutions can ensure the confidentiality and integrity of their data, even when working remotely.
Firewalls
Firewalls are essential components of bank cybersecurity, acting as robust barriers that protect sensitive data and internal systems from unauthorized access. Waident offers cutting-edge firewall solutions designed to safeguard banks from cyber security threats, ensuring the highest level of security and compliance with regulatory standards.
Intrusion Detection Systems (IDS) and Intrusion Prevention Systems (IPS)
Banks require advanced protection against cyber attacks, and our IDS and IPS solutions deliver comprehensive security by monitoring network traffic for suspicious activity. With real-time threat detection and automated response capabilities, our solutions effectively prevent unauthorized access and safeguard your critical banking data.
Secure Web Gateways (SWG)
As the banking industry increasingly relies on the internet for various operations, having a secure web gateway is crucial for preventing malware, phishing, and other web-based threats. Waident provides a robust SWG service to protect your bank from online risks, ensuring secure browsing and safe access to private information.
Endpoint Security Solutions
Waident offers endpoint banking sector security solutions to protect financial institutions’ devices, such as workstations, laptops, and mobile devices, from cyber threats. Our endpoint security services include antivirus, firewall, intrusion detection, and advanced threat protection to keep your devices safe from cyberattacks.
Mobile Device Management (MDM)
As mobile banking and remote work become increasingly prevalent, banks need a robust mobile device management solution to secure sensitive information on smartphones and tablets. Our MDM services provide the banking industry with centralized control over mobile devices, ensuring security policies are consistently enforced and protecting your organization from potential data breaches.
Antivirus and Anti-malware Software
Banks require reliable antivirus and anti-malware protection to combat a wide range of threats. Waident offers advanced antivirus and anti-malware solutions designed specifically for banks, ensuring that your systems remain secure and resilient against any malicious software cyber attack.
Patch Management
Timely patch management is crucial for banks to maintain a strong cyber security posture. Our patch management helps banks stay up-to-date with the latest security updates, minimizing the risk of vulnerabilities being exploited by cybercriminals.
Encryption and Data Loss Prevention (DLP)
Banks handle vast amounts of private data that require the highest level of protection. Waident offers end-to-end encryption and data loss prevention services to ensure your bank’s critical information remains secure, both at rest and in transit.
By implementing our advanced DLP solutions, you can safeguard your bank’s reputation and comply with industry regulations.
Application Security Solutions
We provide banking application security solutions to secure banks’ software from vulnerabilities. Our team identifies potential vulnerabilities in your banking security, implements robust cyber security measures, and continuously monitors applications to prevent cyberattacks.
Identity and Access Management (IAM)
Our Identity and Access Management (IAM) solutions ensure that only authorized personnel have access to your bank’s critical systems and data. We implement strong authentication and access control measures to protect private information and prevent unauthorized access.
Multi-factor Authentication (MFA)
Ensuring secure access to banking systems is crucial, and our Multi-factor Authentication (MFA) solutions provide an additional layer of protection by verifying user identities through multiple methods. By implementing MFA, Waident helps banks reduce the risk of unauthorized access and strengthen overall security.
Single Sign-On (SSO)
Streamlining access to various banking applications without compromising security is essential for efficient operations. Waident offers Single Sign-On (SSO) services that enable bank employees to securely access multiple applications using a single set of credentials.
Our SSO solutions simplify the user experience and enhance security by reducing password-related risks.
User Behavior Analytics (UBA)
Detecting and preventing insider threats is a critical aspect of bank cybersecurity. Waident offers User Behavior Analytics (UBA) services that analyze user activity patterns to identify unusual or potentially malicious behavior.
By incorporating our UBA solutions, banks can proactively detect and respond to potential security threats, protecting their systems and data from unauthorized access.
Privileged Access Management (PAM)
Banks must safeguard sensitive systems and data from unauthorized access, particularly by privileged users. Our Privileged Access Management (PAM) solutions help banks maintain control over critical resources by closely monitoring and managing privileged accounts.
With Waident’s PAM services, you can ensure that only authorized personnel have access to your most sensitive systems.
Security Incident Management in the Financial Sector
Waident’s banking sector security incident management services helps banks effectively respond to and recover from security incidents. We provide real-time monitoring, rapid incident response, and comprehensive remediation plans to minimize the impact of cyber threats on your financial industry’s operations.
Security Information and Event Management (SIEM)
Efficiently monitoring and analyzing security events is crucial for banks to maintain a strong defense against cybersecurity risk. Waident offers Security Information and Event Management (SIEM) services that aggregate and analyze security data in real time, enabling banks to detect and respond to potential threats swiftly and effectively.
Incident Response Plan (IRP)
A well-prepared Incident Response Plan (IRP) is essential for banks to effectively manage cyber security risks and minimize potential damages. Waident assists banks in developing and implementing comprehensive IRPs, ensuring a prompt and coordinated response to any security breaches and minimizing the impact on your organization.
Regular Security Audits and Assessments
Proactively identifying vulnerabilities and addressing them is crucial for maintaining a robust cybersecurity posture. Waident provides regular security audits and assessments, helping banks uncover potential weaknesses in their systems and implementing appropriate countermeasures to ensure the highest level of protection.
Employee Training and Awareness Programs
Human error remains a significant factor in cybersecurity incidents. Our employee training and awareness programs equip bank staff with the knowledge and skills necessary to identify and avoid potential cyber security threats. Waident helps banks create a cyber security-conscious culture, reducing the risk of security breaches due to employee actions.
The Importance of Cybersecurity In the Financial Industry
With the increasing reliance on digital channels and the growing volume of sensitive customer data, banks must prioritize cybersecurity to protect their operations and maintain trust. Effective cybersecurity measures can prevent financial losses, protect customer data, and ensure regulatory compliance.
Challenges of Implementing Cybersecurity for Financial Institutions
Banks face numerous challenges when implementing cybersecurity measures, including the ever-evolving cyber security threat landscape, the need for regulatory compliance, and the complexity of integrating multiple security solutions.
Waident simplifies this process by offering a comprehensive suite of security and IT services tailored to banks’ needs. We help your bank:
Navigate the Threat Landscape
Waident continuously monitors the threat landscape and updates its offerings to provide cutting-edge protection against the latest cyber attacks. Our team of experts ensures that your bank’s cybersecurity strategy remains effective in the face of new challenges.
Meet Regulatory Compliance
Banks must adhere to strict regulatory standards to protect customer data and maintain operational integrity. Waident has extensive experience in helping banks achieve and maintain compliance with industry regulations such as GDPR, HIPAA, and the Gramm-Leach-Bliley Act. Our services include comprehensive risk assessments, policy development, and ongoing compliance monitoring, ensuring your bank remains compliant and secure.
Integration Complexity
Implementing multiple cyber security solutions can be complex and time-consuming. Waident streamlines this process by offering a comprehensive range of cybersecurity services that are fully integrated and designed to work seamlessly together. Our holistic approach simplifies security management, enabling banks to focus on their core business while we take care of their cybersecurity needs.
Tailored Solutions
Recognizing that every bank has unique cyber security requirements, Waident offers customized cybersecurity solutions that are tailored to meet your bank’s specific needs. We work closely with your team to understand your infrastructure, risk profile, and regulatory environment, developing a tailored security strategy that provides the optimal balance between protection, efficiency, and compliance.
Top Cyber Security Threats Banks Face
Some of the most common cybersecurity threats banks face include:
Phishing Threats
Phishing attacks use deceptive emails, websites, or messages to trick users into revealing sensitive information or installing malware. Banks must implement robust security measures and employee training to counter these threats.
Ransomware Threats
Ransomware attacks encrypt a bank’s data and demand payment for its release. Banks can mitigate the risk of ransomware by implementing strong endpoint security and regularly backing up critical data.
Cloud Threats
As banks increasingly adopt cloud-based services, they must ensure proper security measures to protect sensitive data stored in the cloud. This includes strong access controls, encryption, and continuous monitoring.
Supply Chain Threats
Supply chain attacks target vulnerabilities in a bank’s third-party vendors or suppliers to gain access to the bank’s network. Banks must implement strong vendor risk management programs and continuously monitor their supply chain to mitigate these risks.
How Cybersecurity Solutions Help Banks Reduce Cyber Risk
Waident’s comprehensive cybersecurity services provide banks with a multi-layered defense strategy that addresses the unique challenges and threats they face. By implementing our tailored solutions, banks can:
- Protect sensitive customer data and financial assets from cyberattacks.
- Ensure compliance with industry regulations and standards, such as the NIST Cybersecurity Framework.
- Maintain customer trust by demonstrating a strong commitment to cybersecurity.
- Minimize the risk of financial losses and operational disruptions caused by security incidents.
- Stay ahead of emerging threats through continuous monitoring, updates, and improvements to their security posture.
Latest Posts on Cybersecurity
Santa’s Gift May Not Be What You Want This Year – Protect Your Company From Hackers During the Holidays
Santa might be getting ready to say “Ho-ho-ho!”, but cybercriminals are gearing up to capitalize on our festive cheer and lowered defenses. As an IT and cybersecurity provider, it’s our duty to warn businesses to be extra vigilant during the holiday season. We...
Email Phishing: How to Recognize, Respond, and Protect Your Data
Almost every week we hear about our clients getting hit with phishing emails and it is scary. Phishing attacks can target anyone, no matter how secure their systems may seem. According to the Sophos Ransomware 2024 report, 59% of companies were hit with ransomware...
Expert View: Navigating AI Compliance and Risks in the Midwest
At Waident, a Chicago-based leader in cybersecurity, we've launched a series of expert interviews to share valuable insights into AI technologies. Today’s guest on "Expert View" is Waident’s Chief Information Security Officer, Patrick Giantomasso. We asked Patrick how...
