Security Awareness Training for the Financial Industry

Financial services are a prime target for cybercriminals and fraudsters. After all, these organisations deal in what attackers want most — money and personal information.

1 m
was the average cost of data breach in the finance industry in 2022
1 %
of data breaches in the finance industry can be traced to insider activity
1 m
mid-sized financial service companies spend around $2 million to recover from a ransomware attack
1 %
of financial services firms in the UK have suffered a cyber attack in the last 12 months

Why is the Financial Services sector so heavily targeted?

In recent years, the financial industry has experienced a huge digital transformation, from an increase in the use on online banking to the introduction of cash-less payments. However, as banking evolves and new technologies emerge, cybercriminals are presented with a myriad of ways to exploit possible vulnerabilities and launch an attack.

As has proved the case in many other industries, one of the easiest ways for attackers to bypass traditional security measures is to exploit the human factor, and target an organisation’s employees. Cybercriminals will use a range of social engineering tactics to infiltrate an organisation’s security systems, and phishing remains the most popular and effective way to do this.

In research conducted by Positive Technologies, employees at 75% of banks had clicked on links in phishing messages, and in 25% of banks, at least one employee ran a malicious attachment on their computer.

Security Awareness Training for Financial Services

What are the Benefits of Security Awareness Training
for Financial Services?

Security Awareness Training for Financial Services

Automate security awareness training, phishing and policies in minutes

Security Awareness Training for Financial Services

Tailor security awareness training specifically for financial organisations

Security Awareness Training for Financial Services

Increase cyber security awareness amongst employees

Security Awareness Training for Financial Services

Save time and reduce cost of compliance initiatives

Security Awareness Training for Financial Services

Ensure 100% compliance rates for regulatory reporting

Security Awareness Training for Financial Services

Embed a culture of cyber security awareness

A Security Awareness Training Solution for the Financial Services Sector

MyCompliance Cloud provides a one-stop-shop solution for security awareness training and compliance capabilities in one powerful platform.

The integrated, SaaS-based software tailors security awareness training for the financial sector, provides defence, and delivers regulatory reporting to ensure compliance obligations are met.

Taking a people-centric approach to cyber security, MyCompliance Cloud helps to create a more secure workforce, educate end users and protect your organisation against security risks.

Security Awareness Training for Financial Services

Learn How We’re Helping Organisations in Financial Services to
Transform their Security Awareness Training

As a financial services company, our security standards have always been very high to ensure adequate protection of our customer’s information as well as our own. However, as is the case for a lot of similar companies, the human aspect is often the main weakness to our systems, which can pose a risk to information security and increase the risk of cyber attacks. Phishing was a key area of focus for us, so it was vital to improve the security awareness of our staff. The phishing module allows us to shock people by demonstrating how easy it is to get phished, and the learning module allows us to promote good behaviour for the identification and reporting of threats.
Security Awareness Training for Financial Services
Chris Philips
ICT Security Manager, Swansea Bay UHB

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