Bahrain, Saudi Arabia
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Securing Banking, Finance & Insurance Institutions
Cyberattacks Targeting the Financial Sector
Banks, financial service providers, and insurance companies are prime targets for cybercriminals due to the high value of the data they handle. Every transaction, customer profile, and claims record contains sensitive financial details that attract attackers seeking monetary gain. As threats like ransomware, credential theft, and fraud continue to rise, financial institutions face increased pressure to safeguard their systems. Without a strong cybersecurity strategy, organizations risk service disruption, financial loss, and severe damage to customer trust.
State of Banking, Finance & Insurance
$5.9 Million
Average cost of a financial-sector data breach in 2023
82%
Breaches in financial services involve stolen or weak credentials
2,527
Cyber incidents reported by global financial organizations in 2024
How VirtuThinko Helps Banking, Finance & Insurance
Access Control & Identity Security
Strengthen identity management through MFA enforcement, privileged-access controls, and continuous authentication monitoring to prevent unauthorized access and account takeover attempts.
Data Protection & Encryption
Implement strict data-handling policies, encryption standards, and secure storage mechanisms to protect customer records, financial documents, and claims data from internal and external threats.
Fraud & Transaction Monitoring
Leverage advanced monitoring tools to detect unusual behavior, block fraudulent activity, and prevent exploitation of financial systems through real-time policy enforcement.
Securing Remote & Branch Devices
Apply consistent security controls across all devices used in branches, call centers, and remote offices, ensuring that only trusted and compliant endpoints can connect to critical financial systems.
Protecting Sensitive Data in Finance
Financial institutions carry a responsibility to protect customer assets and maintain the integrity of their services. Implementing robust security controls reduces the risk of fraud, breaches, and operational disruption, ensuring continued trust and compliance with regulatory requirements across the financial sector.
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About VirtuThinko
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Office Information
Office 13, Building 2383, Road 3643 Block 436 Seef Area, Bahrain
(+973) 7799 0006
Building 8625, Street 1B, Secondary No. 5130, Al Firdaws Dist. Postal Code 34251 Dammam, Kingdom of Saudi Arabia
