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Expertise

Finance

Financial Institutions (FIs) are investing in the tools and technologies they need to keep up with the constant change of the digital era. Many of these FIs are rapidly leveraging cloud technologies to deliver enhanced products and services to their clients. The next wave of disruptive innovation is expected to arise from the technology-enabled, platform driven ecosystems now taking shape across many different industries.

Financial Security Services

Having strategically harnessed technology to produce digital businesses, many companies are now creating the adaptable, scalable, and interconnected platform for an ecosystem-based digital economy. The speed at which newer technologies are being adopted by FIs significantly add to the security and compliance risks that need to be managed.

Unfortunately, the fast changes in the digital economy have also introduced intimidating risks. The financial services industry is under attack by numerous significant cybercriminal threats. In many cases where certain systems were breached, the method of compromise was attributed to simple configuration errors or missed patches that, in turn, gave rise to a critical vulnerability. Given the constant competitive pressure and the current economic strain to operate more efficiently, due care to address security risks is more challenging than ever.

Sophisticated Attacks

The already heavily regulated finance industry is now subject to additional cybersecurity standards from the NYDFS, NAIC, and CFTC. The Fed, OCC, and FDIC also continue to issue rule-making guidance on cyber risk management standards. As attacks become more sophisticated, regulators retaliate by raising their level of scrutiny, while global cybersecurity and privacy legislation are evolving.

Not as Secure

With such strict data security and privacy regulations, it is easy to assume that the finance sector would be among the most secure when discussing global vertical markets. However, reality paints an entirely different picture, as many millions of personally identifiable information (PII) records are compromised each year.

Preventive approach

Assessing the state and security posture protecting Financial Service products/services has never been more important. Architecting preventive controls is essential,, and implementing detective controls and processes are just as crucial.

Penetration testing

In lieu of allocating resources to implement appropriate preventative controls, penetration testing is one alternative detective control that can expose sneaky areas of risk created when hastened  application development and/or overburdened system administrators inadvertently create vulnerabilities. Penetration Testing is also a fundamental security standard requirement for Financial Institutions.

Orenda’s experience

Orenda Security is uniquely positioned to assist Financial Institutions. Our assessment and penetration testing services are designed to help you comply with standard and regulatory requirements but more importantly, to help you identify critical vulnerabilities that could lead to a significant data breach. Our security consultants are well experienced in the Financial Services industry and strongly acquainted with the security challenges experienced by the FIs’ clients and service providers. When it comes to our unique approach to delivering expert security services while establishing strong partnership with our clients, we are unmatched in the industry.

Your trusted advisor

As your trusted security advisors, we specialize in more than just identifying security risks. We help you understand how the identified risks apply to your business products and services. Our reports are also customized to help your technical staff quickly remediate issues and provide you with an executive summary, serving C-level and board members. Client-facing summaries are also provided to assure your clients that security testing is performed. Onsite presentations to your executive team to present findings and articulate business risks are unique value-adds in our delivery.

Whether needing to comply with regulatory requirements, security standards, or deploying a new product or service for your clients in our evolving digital economy, Orenda Security can help you obtain the continued security assurance you need now and in times to come.

Penetration
Testing

Orenda Security assessment services simulate real world attempts to breach your networks, applications and cloud environments.

Application
Assessments

Orenda Security application assessment services are customized to help secure your business-critical applications and ensure compliance with your industry security requirements.

Cloud
Security

Orenda Security assessment services simulate real world attempts to breach your networks, applications and cloud environments.

Testimonials

''Orenda has been a reliable partner for AMA and has helped us in our journey to develop and deliver secure applications to all of our AMA members. I recommend Orenda Security to other AAA and CAA clubs on the basis of a strong working relationship with AMA and an excellent track record of delivering technical expertise and high-quality assessments.”

 

Collin Moody
Chief Information Officer
Alberta Motor Association

Finding a reliable partner with a high degree of technical expertise is hard to find! Orenda Security was exactly what we were looking for. They help us improve the security posture of our product and application. I recommend Orenda Security to any security leader seeking reliable and robust security penetration testing services.

Kartik Agarwal
Chief Technology Officer
Concert Cloud Inc