Criminals target financial firms because that’s where the money is.
Cybercrime hasn’t changed this, but it has ramped up the speed and the consequences. Firms should balance being open with being secure. As attacks increase and regulators take closer notice, the pressure to act mounts. By recognizing that hackers will find vulnerabilities, leaders can improve the way they design and deliver services, manage risks, and train their teams.
Cyber Risk and Financial Services
Trust is the foundation of financial services. To win and maintain the trust of customers, financial institutions must demonstrate dedication to preserve confidentiality, confirm the availability of systems and services, and maintain the integrity of data. Regulators and stakeholders who rely on functioning financial markets are demanding this focus.
Maintaining trust has never been more challenging. Cybersecurity threats have moved from attacks on individual institutions to attacks on the financial system at large. Also, financial institutions are transforming with new digital channels, automation and other advanced technologies, introducing real benefits along with new risks. In response, regulators are heavily focused on systemic cyber risk and the contagion across firms and third parties. Regulators also expect financial institutions to enhance privacy protections on behalf of customers, who demand their confidential information to be well protected across digitally accessible products and services.
Solving Your Biggest Challenges
We understand the complex operational, third party, and technology risks inherent to private equity firms and have built a suite of services to help you solve your toughest risk management challenges.
Gather value information from your leaders to formulate a clear view of operational dependencies and critical risks. Use those risks to prioritize and formulate actionable strategies to minimize risk and increase organizational growth.
Featured Case Study
Effectively Assessing Cyber Risk To Help A World-Class Vc Firm Make Informed Decisions
Valorr led the assessment and evaluation of all cyber-related due diligence activities for a multi-million dollar equity transaction. The U.S.-based firm has more than 5,000 users across 10 countries.