Financial Institutions and Fintech Licensing in the EU
Comprehensive advisory on financial institution licensing, passporting and regulatory compliance across the European Union and beyond.
Outsourced Information Security Officer services for regulated financial institutions and FinTech companies operating in Lithuania and across the EU.
Having an Information Security Officer or an equivalent employee in organizations has become a standard practice in business, governmental and non-profit organizations. Reliable, secure technology is critical to business success and is essential for maintaining productivity and upholding your organization’s reputation.
The information security officer (ISO) is the executive responsible for an organization’s information, digital assets and information system’s security. In case of organizations that work in or with stringent regulatory requirements, Information Security Officer Services help the organizations to meet their compliance with the requirements and guidelines.
The sector of financial services is constantly in the heart of cyber attacks and attackers constantly continue to target organizations providing financial services. Not only does it represent a hugely lucrative target for criminals, but it is also increasingly dependent on data. FinTech companies must keep their data, including financial and personal customer records they have been entrusted to store, secure at all costs – even as it adapts to initiatives such as open banking, which requires organizations to share data externally with third parties. IT security in the financial sector must be accelerated because, according to different studies, fake mobile banking apps that are now in circulation fool more than one of the three consumers and bank trojans now are widely used.
According to some analysis of the breaches in financial industry organizations, 88 % of the time, attackers successfully breach a company in a matter of hours. The majority of attacks, either intentionally or by accident, are performed from inside. A great way to ensure that your organization has the right tools of security measures in place to effectively combat modern threats is to perform a comprehensive security assessment.
Our Information Security Officer services for business organizations include the following:
If your company is looking for an assessment that gives you valuable insight into your Information Security, its controls and practices, do not hesitate to contact ECOVIS ProventusLaw team. Our Information Security professionals will assess your Information, IT and Cyber Security controls and will provide you with a complete picture of your current status of security controls and recommendations on what should be improved.
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