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Sectors

Banking / Insurance

Banks and insurance companies have already embarked on their digital transition, an essential development in a field increasingly dominated by new technologies. Financial institutions are particularly vulnerable to malevolent threats.

A cyberattack in the banking sector can cause considerable damage, with far-reaching consequences involving brand image and legal and regulatory compliance, in addition to the financial impact.

SERMA Safety & Security evaluates the cyber risks faced by this sector and offers advice to the players involved.

“Banks are struggling to prove their ability to withstand the increasing threat of intruders who manage to gain unauthorised access to their systems and essential data.” European Banking Authority, in a report published in December 2016.