In the present world, Fintech has become essential due to its broad scope of applicability and hence is highly susceptible to cyberattacks. Multiple Cyber-attacks have impacted the Fintech sector in this decade, leading to Data Leaks or Data Breaches caused by either internal threat actors or external threat actors.
To prevent financial cyber security attacks and ensure data security, organizations must implement additional cybersecurity systems that specifically address vulnerabilities enabling data breaches both in their infrastructure as well as Third party services’ infrastructure; keep Software up-to date & identify/patch development vulnerabilities; adopt Zero Trust Architecture for detection & mitigation of malicious attacks; fulfill timely notification requirements under financial regulations etc.
WhiteLint Global provides cloud-based services like email security & end user awareness training for protection against cyber threats faced by Financial Institutions