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Business Insights: Security Assessments for Financial Services Institutions

July 6, 2020 by The Hartman Team

Hear from Wade Barnes, Financial Services Practice Lead on security assessments for financial service institutions and why they are so critical right now.

Video Transcribed

Hi, I’m Wade Barnes, Financial Services Practice Lead at Hartman Advisors.

The dash to mobilize remote workforces was an incredible feat for IT departments across the world.

While we all had the regulatory required pandemic plan in place, none of us would have ever imagined this becoming a reality in our lifetime.

Thankfully, there are many tools today that help remote workforce productivity. VPNs, Video conferencing, cloud storage, and collaboration sites, have all appropriately seen wide-spread adoption.

In many cases we had these tools available prior to the pandemic. In other cases, we worked quickly to deploy these tools in our environment.

Whether these tools are new or are being used in new and more comprehensive ways, the potential exists to miss key security controls in this environment.

On top of that, hackers and malicious actors are actively looking for holes to exploit with ransomware and other security attacks on the rise.

According to national studies, there are thousands of breaches within financial services each year. Each breached record on average costs the organization over $200 — and oftentimes thousands of records are breached in a single attack.

Let us help you by performing an independent review of your security controls to make sure your organization doesn’t become another national statistic.

Filed Under: IT Strategy

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