Client trust and privacy are two of the most critical success factors in the financial services industry. However, the industry’s dependency on the ability to collect, share and move sensitive data exposes members, leaving them open to potentially significant losses as well as liabilities and costs as a result of cyber attacks and data breaches.

As a result, software security can be a make-or-break aspect of your company’s IT strategy. In fact, a report published by the Depository Trust & Clearing Corporation (DTCC)in late 2014 revealed that 84% of financial firms placed cyber risk among their top five concerns—up from 59% in the first quarter of the same year.

How Vantage Point helps secure financial software

Vantage Point has a long and distinguished record of serving financial services institutions. We count 16 of the top 20 commercial banks as our customers. Many of these relationships span five or more years. Vantage Point brings the depth of experience necessary to handle broad, complex software security problems that are unique to financial services.

You know that as a financial institution, your company must comply with regulations and protect your clients’ financial information. However, compliancy isn’t enough to thwart malicious attacks. An active defense that builds security in is critical to protecting against threats that are exponentially smarter with each attack.

Vantage Point will help your company identify vulnerabilities that can leave you exposed. We help you determine the essential steps and processes toward developing a more comprehensive software security strategy, thereby protecting your clients’ privacy and strengthening their trust in you.

Vantage Point understands that you have enormous competitive pressures that necessitate that the organization remains agile yet manages risk. We empower you to ‘Build Security In’ by integrating security practices and processes into the large development shops common to the financial services industry. This ensures that your security team prevents security vulnerabilities, rather than getting trapped in the fix and find cycle.

Why secure software is essential to your finance company

To keep up with the fast pace of the financial services industry as well as your clients’ growing expectations, you must embrace new technology, such as cloud sharing and mobile apps. Unfortunately, such new technology can make you even more vulnerable to malicious attacks. Additionally, attackers are now targeting a growing number of regional and mid-tier banks due to their lack of the resources needed to build sufficient cyber security protection.