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FINANCIAL SERVICES FIRMS MUST STAY AHEAD OF HACKERS

The financial services industry is a top target for sophisticated cyber criminals. Financial firms must take proactive steps to detect and prevent cyber attacks.

Challenge

Attacks on financial services firms are becoming more frequent and dangerous.

danger

A data breach leads to fines, lawsuits and loss of consumer confidence.

Solution

Privilege management stops threats from reaching sensitive data and systems.

The financial services industry has been a consistent top target for hackers. The historic data breach of JP Morgan Chase is not an isolated incident; cyber criminals launch attacks on banks and other financial firms every day, whether they know it or not. Most cyber attacks are not detected until consumers report identity theft, auditors find defects, or other third parties expose vulnerabilities.

While the financial sector has made substantial technological advances, it’s still tied to security solutions that worked in the past but aren’t necessarily the most effective at stopping modern attacks
– Garrett Bekker, 451 Research

As financial services firms adopt IoT solutions, transition to the cloud, and manage big data, their systems become increasingly vulnerable to cyber attack. Security controls must keep pace with dynamic and complex threats.

The most fundamental security strategy is protecting privileged accounts

Financial institutions must have adequate security controls in place to protect privileged accounts – including administrative credentials, service and application accounts, and root accounts that control the most sensitive and critical systems. Financial firms need simple, scalable solutions to detect, manage and secure privileged accounts.

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“WITH THYCOTIC IT’S FAST AND EASY AND IT JUST WORKS

I have used other solutions and most of them I did not like. I went looking for something that wasn’t them.

– Anne Gorman, VP Access & Identity Management
BankUnited

PRIVILEGE MANAGEMENT IS CRUCIAL TO COMPLYING WITH REGULATORY REQUIREMENTS

Financial services companies must meet compliance requirements to maintain their charter, uphold the public trust, and avoid expensive fines. Make sure you have the required privilege management policies and controls in place to pass your next compliance audit and keep your sensitive data and systems safe and healthy.

Companies managing credit card
data must comply with PCI – DSS

New York-based financial
institutions must prepare for NYCRR

Credit unions must
meet NCUA requirements

Companies with government
clients must support NIST FISMA

SAVE COUNTLESS HOURS!
FREE Financial Security Policies Template

Privileged account credentials are a prime target of hackers, so it’s critical that you put password protection policies in place to prevent unauthorized access and demonstrate security compliance.

Editable, easily customized Microsoft Word document

Thycotic software solutions automate security without requiring training or consulting

Secure Passwords and
privileged accounts with
Secret Server

Thycotic Secret Server gives you the simplest, easiest and most affordable way to discover, secure and manage privileged account passwords across your enterprise.

Protect Your Endpoints and
Control Access with
Privilege Manager

Thycotic Privilege Manager protects Windows & Mac endpoints from malware and enforce least privilege policies to shield applications and systems from malicious access.

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