- July 27, 2020
- Posted by: Pat Riot
- Categories: CPA, CyberSecurity, Finance, Private Wealth, Security Operations
With all the CDC & WHO recommendations these past few months, hundreds of thousands of employees are tasked with maintaining productivity while in the comfort of their own home. And to no surprise, employees are successfully staying productive & continuing to contribute to company goals. Which begs the question everyone is wondering: What’s next? Will the workforce ever go back to the way it was or will a new hybrid model emerge? Regardless of the outcome your company should be preparing for anything.
It is no secret that there is a massive shift in today’s societal viewpoints on the workforce, especially for the financial sector. On top of being the number one target for cyber-attacks, financial services are also facing massive regulation changes. With the CCPA enacted, making personal data security a top priority, most states are sure to follow. Also, it is predicted that U.S. banking will shift to a more “open bank” model, influenced by EU polices. Open banking will allow third-party financial services with open access to consumer banking using application programming interfaces (API’s). For decades, financial services have been demanded to stay up to date on the latest technology trends and features in order to ease consumer needs.
While transferring back to a “normal workforce” here are some things to consider: Does your company need a security operations center? Does your company obtain and handle non-public personal information (NPPI)? Are your employees shifting to a work-from-home methodology? Do your employees download sensitive documentation and information from a portal onto their personal devices? If you answered yes to any of these questions, then your company needs to provide security as a service to your clients. That is where Steel Patriot Partners helps financial companies like yours outsource cybersecurity to our Security Operations Center.
Financial Services handle client NPPI on a day to day basis. With most firms utilizing web portals from larger enterprises to import and export sensitive information. A common misconception while using these portals is that the information is completely secure. While it is true that large enterprises are in fact using top of the line security protocols to secure their data. What about the employee devices being used to log into the portal? Are those devices protected? Once the data has been taken from the portal and onto a desktop, how is that information being secure? What about the WIFI connections being used with employees working from home. Is that connection secure? What are employees doing on their devices when they are off the clock? Are they engaging in games or adult sites that could compromise and corrupt their device? These are all questions financial services need to be asking. You don’t have to know all the answers. That’s what we are here for.
Our Security Operations Center (SOC) is designed to help your company answer all questions & concerns regarding cybersecurity. Here at Steel Patriot Partners are SOC team is dedicated to easing compliance burdens, keeping your network secure from any location, and filling in the cybersecurity skills gap. Financial Services are extremely good at what they do and what they do is important. That’s why we are here to help and protect them. Our advanced AI and next generation software’s are tailor to each specific organizations’ network. Acting as a virtual CISO our team enables companies to focus on what they do and not worry about being a potential cyber target.