Banking & Insurance
Defend against fraud
Banks and insurance companies are under constant pressure to defend against fraud while navigating complex compliance demands and evolving cyber threats. The rise of sophisticated social engineering, insider abuse and ransomware attacks puts customer trust and operational stability at risk. At the same time, the implementation of regulations like DORA adds layers of complexity to already strained security teams. Financial crimes are becoming more targeted, more frequent and more damaging—requiring more than just traditional defense mechanisms.
Cyberquest SIEM, CQ Automation, Netalert NDR, CQ Threat Intelligence and CQ AI Assistant empower you to proactively detect, prevent and respond to both internal and external fraud attempts with precision and speed.
Top 5 Concerns
Compliance & DORA implementation challenges
Insider threats & social engineering attacks
Ransomware and disruptions to financial services
Rising threats of financial crimes & fraud
Third-party and open banking risks
Compliance & DORA implementation challenges
The Digital Operational Resilience Act (DORA) requires financial institutions to strengthen their cybersecurity frameworks, but meeting these standards can be complex. Banks and insurers must ensure continuous monitoring, automated risk reporting and rapid incident response.
Ensure DORA compliance. Implement AI-driven risk management, centralized reporting and continuous security monitoring to meet regulatory requirements efficiently.
Key Dangers & Risks:
Insider threats & social engineering attacks
Employees, contractors and third-party vendors can unknowingly or intentionally expose financial systems to cyber threats. Social engineering tactics, phishing attacks and credential theft can lead to unauthorized fund transfers, customer data leaks and financial fraud.
Protect financial assets. Train employees to detect phishing, enforce strict access controls and monitor for insider threats to prevent fraud and data breaches.
Key Dangers & Risks:
Ransomware and disruptions to financial services
Banks and insurers are prime ransomware targets due to their high-value data. A successful attack can halt banking services, prevent claims processing, and lock customer data, leading to financial losses and reputational damage.
Strengthen ransomware resilience—implement zero-trust security, advanced threat detection and real-time backup strategies.
Key Dangers & Risks:
Rising threats of financial crimes & fraud
Cybercriminals are constantly evolving tactics to commit fraud, money laundering, and identity theft. Without real-time monitoring, fraud detection, and collaborative investigation tools, financial institutions risk severe financial losses, regulatory penalties and erosion of customer trust.
Leverage AI-driven fraud detection. Monitor transactions in real time and comply with financial crime regulations.
Key Dangers & Risks:
Third-party and open banking risks
The financial sector is embracing open banking, but integrating third-party services introduces cybersecurity risks. Unauthorized access, weak APIs and non-compliant vendors can expose sensitive customer data and financial transactions, putting institutions at risk of breaches and regulatory penalties under DORA.
Secure your digital ecosystem. Evaluate third-party security, enforce API protection and align with DORA compliance requirements.