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Finance and Insurance
Finance and insurance are critical industries that are responsible for handling large amounts of sensitive data. This data can include everything from customer financial information to medical records. If this data were to fall into the wrong hands, it could be used to commit fraud or identity theft. As a result, cybersecurity is essential for organizations in this industry.
Our custom solutions help organizations in the finance & insurance industry secure their IT systems and applications against the modern cyber threats their industry is the most faced with, such as:
Data Breaches
The finance and insurance industry was the second most targeted by data breaches in 2021, with 1,023 incidents reported. The average cost of a data breach for this industry was $8.64 million.
Social Engineering
There were 4,382 reported phishing attacks in the finance and insurance industry in 2021. The average cost of a phishing attack in this insdustry increased by 28.6% to %1.6 million during that time.
Malware Attacks
Around 100 ransomware attacks were recorded in the finance and insurance industry in 2021.The average ransom amount paid by organizations was $ 4.4 million.
Why the Finance & Insurance Industry Struggles With Cybersecurity
- Data breaches are becoming more common and more costly
- Hiring qualified cybersecurity expertise internally is difficult
- Complying with cybersecurity standards is complex and time-consuming
- Keeping up with newly published vulnerabilities is complex
- Finding a trusted cybersecurity provider requires a lot of effort
- Ensuring web applications are secure while keeping project costs under control is becoming increasingly complex
How We Help Finance & Insurance Stay Secure & Compliant
Andromeda‘s world -class cybersecurity services help finance organizations comply with requirements and avoid costly fines.
APPLICATION SECURITY
Conduct expert -led penetration testing to identify vulnerabilities in your mission critical applications
Web Applications, mobile applications, APIs, etc.
COMPLIANCE SERVICES
Achieve and enforce compliance with various standards efficiently and with minimal overhead
PCI-DSS, GDPR, SOC 2, CCPA, NYDFS 2300, SOX, HIPAA, etc.
NETWORK SECURITY
Simulate real -world cyberattacks on your corporate network and secure and assets
Internal network, external network, wireless network, etc.
Contact Andromeda Information
Andromeda Risk Consulting is a global security firm that educates clients, identifies security risks, informs intelligent business decisions, and enables you to reduce your attack surface digitally, physically and socially.
Certified Security Experts
Our security experts are exceptionally qualified and confirmed by CEH, ECSA, OSCP, CISA, CISSP, and numerous others.
Communication & Collaboration
After surveying the code our specialists shared the best answers to correct them. Our experts will communicate with you for any further implementations.
Research-Focused Approach
We hold industry-leading certifications and dedicate part of every day to research the latest exploit techniques to ensure our clients remain protected from evolving online attacks.
Free Remediation Testing
Once your team addresses remediation recommendations, Andromeda Risk Consulting will schedule your retest at no additional charge.