The rapid digitalization of the financial sector over the past decade has brought tremendous advancements, but it has also exposed significant vulnerabilities, particularly in the face of escalating geopolitical risks and the increasing use of technology by criminals. Cybersecurity has become a top priority for most companies, driven by the growing threats of espionage, extortion (Cy-X), harmful disruptions, and the leakage of personal information. Law enforcement agencies warn that these cyber threats will remain major risks for the financial sector.
Although the financial sector has made considerable investments in improving cybersecurity awareness, the relentless efforts of cybercriminals to exploit vulnerabilities continue to pose serious challenges. The rising number of cyberattacks threatens not only the services provided by the financial sector but also the overall stability of the financial system. In response, regulators have implemented extensive measures, including regulations like DORA, NIS 2, the AI Act, and the Cyber Resilience Act, to address the heightened risks.
As these threats become increasingly sophisticated, it is imperative that the financial sector further strengthens its resilience. This is not just a precaution—it’s an absolute necessity to safeguard our financial system and the societies it supports.
NFR Cybersecurity & Data Protection
Our Cybersecurity team assists clients in identifying security vulnerabilities, protecting critical infrastructure, and conducting cyber resilience testing. We also specialize in detecting suspicious activity and responding swiftly to emerging cyberattacks. In the event of an incident, our experts provide comprehensive support in recovering data and restoring equipment. Additionally, our Cybersecurity & Data Protection team offers CISO services and performs thorough Cyber Due Diligence reviews to ensure robust security practices.
Some of our Cybersecurity & Data Protection services:
- Assessment of IT-architecture
- Project management
- Cyber Maturity Assessment
- Third-party security risk management
- Penetration Testing
- CISO Services
- Data Protection officers
- Review of IT Governance
- Investigation of network
- Training of board or executives
