Banking and Finance

We believe in creating a safe Banking Environment

Join Baseel to make your financial Infrastructure Strong enough

 
 

Third Party Risks

Third Party Risks are the main cause of Data Breaches in a financial Sector. Open banking allows access to company’s network. Majority of UK’s financial breaches are due to  third party risks around the operational function.

Lack of Server Security

It is important to consider server security. In Financial Industry organisations typically possess loads of critical data.  But majority of breaches in Europe had come as a result of insecure servers.

Transport Layer Insecurity

In a digital era where financial institutes are pioneers in transforming businesses on digital platform network layer security is vital. It is necessary to ensure transport layer security so that critical information can be safe even on public platforms. Unfortunately majority of financial Institutes fail to properly take care of Institute’s digital Platform.

Intellectual Property Services

Protection of Intellectual Property has always been a challenge for banking and finance Industry.Identifying IP assets and protecting and maintaining them is an essential service any organisation should perform as it can cause reputation loss.

 
 
 

Challenges

 

Supplier Assurance 

Many Organisations in banking and finance Industry are facing lack of supplier assurance. A better Supplier assurance services are in place can make security posture of an organisation more stronger. 

GDPR 

GDPR gives an extra power to stakeholders about use of their personal Information. Penalty for being non compliant with this law is quite large. But unfortunately even today many organisations are lack in providing GDPR assurance. Some of the major GDPR Concerns are People and training , Data Protection Officer , Third parties, Data limitation, Budgets , Subject access requests (SARs).

 

Ineffective Encryption

Banks needs to be very much particular when use of encryption techniques. But many banks do not properly use Encryption techniques to secure customer sensitive data.

Governance and Compliance

Financial Institutes need to be compliant with appropriate controls and frameworks.

Operational Risk Challenges

Institute face operational challenges like IT disruption, Data compromise, Regulatory risk, Theft and fraud concerns which can significantly affect on the sector if appropriate controls are not in place to mitigate threats.

BEST PRACTICES

Encrypt All Sensitive Information

Encrypt the sensitive Information of an organisation using Strong Asymmetric Encryption methods. This is especially important in transferring information over public domain. Encryption is also important while handling customer’s sensitive data like card details, bank statements etc.

Teach Employees Good Security Hygiene

Well trained and aware staff about the breach always reduces the chances of human error which significantly affect positively on overall cyber platform posture of an organisation.

Create an Incident Response Plan

A well planned and tested Incidence Response plan is vital in order to maintain business continuity and maintain overall security of an digital infrastructure of an organisation.

Ensure Total Regulation Compliance

It is necessary for an organisation to ensure efficiency with all required regulatory compliance and standards. 

Incidence Response and Business Continuity Management Service

Properly designed Incident Management and Business Continuity will help organisations become more cyber resilient.

GDPR Consultancy

The newly introduced law might cause significant damage if organisation found non compliant with the regulation. Baseel help in achieving the standard and appropriate controls.

Our Services

Training and Awareness Service

Baseel provides Training and Awareness Programs periodically to teach all the employees about advanced threats and controls to mitigate the probable threats.

DPO Consultancy

We provide DPO Consultancy to continuously protect the critical assets of an organisation.

Cyber Security Services

Baseel Provides an End-to-End Cyber Security services.

Typically, Financial services organisations should constantly recognise their changing security landscape and cite avoiding data breaches as their primary mandate where banking compliance should be their second most important driver.

With Baseel Financial And Banking Security Services Make your Financial Domain Stronger and More cyber Resilient.

Baseel Financial Security | Makes your platform stronger
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