Cyber Security for Banks and Financial Services

How can financial institutions navigate cybersecurity and stay competitive? Learn how FINRA leveraged SD Elements to mitigate risks and improve time to market.
Finance & Insurance Cybersecurity

Are your medical devices secure by design?

Traditional approaches to integrating security and privacy for products can be slow, fragmented, and overwhelming for DevOps and Engineering teams. In today’s rapidly evolving landscape, ensuring your security meets industry standards is crucial.

Traditional approaches to integrating security and privacy for products can be slow, fragmented, and overwhelming for DevOps and Engineering teams. In today’s rapidly evolving landscape, ensuring your security meets industry standards is crucial.

Finance & Insurance Cybersecurity
Increased chance of security breach

With increasing cyber threats targeting financial data, accepted vulnerabilities in production can give threat actors access to sensitive personal identifiable information (PII), leading to significant financial and reputational damage.

Finance & Insurance Cybersecurity
Noncompliance

Noncompliance with regulations such as GDPR, PCI DSS, and SOX can lead to severe penalties or consequences, financial losses, and irreparable brand damage. Our solutions help ensure your institution meets all regulatory requirements.

Finance & Insurance Cybersecurity
Scarce security resources

With security teams often stretched thin, there is a higher risk of software being deployed with vulnerabilities. SD Elements provides the necessary tools to streamline security processes, ensuring robust protection even with limited resources.

Prevent Financial Security Breaches

Finance & Insurance Cybersecurity
Protecting sensitive data and preventing security breaches is paramount in the financial industry. SD Elements equips financial institutions with the tools to proactively identify and mitigate security risks before they can lead to breaches. By automatically mapping security requirements to actionable controls, SD Elements ensures that financial software and systems are developed with robust security from the outset.
Finance & Insurance Cybersecurity
Finance & Insurance Cybersecurity

Cybersecurity compliance in banking and financial services

Finance & Insurance Cybersecurity
SD Elements provides actionable guidance and reports to help financial institutions comply with regulations such as GLBA to ensure you design and deploy secure, compliant products. Demonstrating robust cybersecurity compliance builds trust with clients and stakeholders, leading to increased customer retention and new business opportunities.

Scaling Product Security in Financial Services

Finance & Insurance Cybersecurity
SD Elements provides developers with actionable security guidance integrated directly into their existing development tools and workflows. This seamless integration ensures that security is considered at every stage of the software development lifecycle, reducing the risk of vulnerabilities. By embedding security best practices and automated monitoring, SD Elements helps teams scale their security efforts efficiently, minimizing manual processes and human error.
Finance & Insurance Cybersecurity

Compliance Regulations in SD Elements

  • AICPA Trust Services Criteria (SOC2)
  • EBA-Security of Internet Payments
  • GLBA
  • MAS-TRMG
  • NYDFS
  • NY SHEILD
  • PA-DSS
  • PCI-DSS
  • PCI-SSF
  • PCI-SSLC
  • ANSI/ISA 62443
  • Brazil Data Protection Law (LGPD)
  • California Consumer Privacy Act (CCPA)
  • California Online Privacy Protection Act
  • CIS Amazon EKS Benchmark
  • CIS AWS Foundations Benchmark
  • CIS AWS Three-Tier Web Architecture Benchmark
  • CIS Google Cloud Platform Foundation
  • CMMC 2
  • CNSSI
  • COPPA
  • CWE/SANS Top 25
  • CWE Top 25 2023
  • Cybersecurity Maturity Model Certification (CMMC)
  • DIACAP
  • EN 303 645 (Consumer IoT)
  • FedRAMP
  • GAPP
  • GDPR
  • GDPR: Agile Development Report
  • HIPAA
  • ISASecure CSA 311
  • ISASecure SSA 311
  • ISO 27001
  • ISO/SAE 21434
  • MDS2-2013
  • NIST 800-53
  • NIST 800-82
  • NIST 800-171
  • NIST AI RMF
  • NIST-EO-Critical-Software
  • NIST-EO-Software-Verification
  • NIST-SSDF
  • OWASP IoT Attack Surface Areas
  • OWASP IoT Top 10
  • OWASP Top 10
  • OWASP Top 10 Privacy Risks
  • OWASP Top 10 for Large Language Model Applications
  • PIPEDA

Financial Service Cybersecurity Needs Are Changing

Learn more about the different needs that are changing in the financial service sector.

Meet Compliance with Financial Industry Regulations

As financial institutions navigate the complexities of managing technology while ensuring compliance with industry regulations is paramount. SD Elements provides comprehensive security and compliance solutions tailored for various sectors within the financial industry.

Regulatory compliance in banking

As banks move data and workloads to the cloud, they need to assure that cloud and data assets are secured and meet compliance with regulations such as FFIEC (Federal Financial Institutions Examination Council) and EBA (European Banking Authority).

Regulatory compliance in insurance

Insurance companies must protect sensitive patient data and ensure privacy while complying with HIPAA (Health Insurance Portability and Accountability Act) and NAIC (National Association of Insurance Commissioners) standards.

Investment Compliance

Investment firms need to adhere to SEC (Securities and Exchange Commission) regulations and FINRA (Financial Industry Regulatory Authority) rules to protect investors and maintain market integrity.

Credit union compliance

Credit unions must comply with NCUA (National Credit Union Administration) regulations and CUNA (Credit Union National Association) guidelines to ensure safety and soundness.

Secure Financial Software Applications and Ensure Compliance with SD Elements

In the highly regulated financial industry, the integrity and security of software applications are critical. Financial institutions rely on robust software to manage transactions, handle customer data, and deliver seamless services.

Proactive Vulnerability Identification

SD Elements automatically scans and identifies potential vulnerabilities in microservices and software components during the development phase. This reduces the risk of security breaches once the application is deployed, ensuring that your software is secure from the outset.

Continuous Security Integration

The platform seamlessly integrates with existing development tools like JIRA, Jenkins, and GitHub, embedding security controls throughout the software development lifecycle without disrupting workflows.

Advanced Reporting

The tool visualizes your compliance status with key regulations like GLBA, ISO 27001, SOX, PCI Software Security Framework (SSF), and PCI DSS, offering a clear understanding of where you stand and what actions are needed.

Compliance Reports

SD Elements also provides comprehensive Compliance Reports that offer a clear view of how your projects are tracking against critical compliance requirements at every stage of the development lifecycle.

Financial Cybersecurity FAQs

Are you ready to get started with SD Elements?

Are you ready to get started
with SD Elements?

According to the BCG Reigniting Radical Growth Report, financial services firms suffer a higher cost for
dealing with cyber attacks and their aftermath than any other sector.
According to the BCG Reigniting Radical Growth Report, financial services firms suffer a higher cost for dealing with cyber attacks and their aftermath than any other sector.