Finance Overview
Financial firms are high-value targets for cybercriminals due to the sensitive data and monetary assets they manage. Penetration testing is critical for identifying and mitigating security weaknesses before attackers can exploit them. From online banking portals and internal accounting systems to customer databases and payment processing platforms, financial institutions face constant threats like phishing, credential theft, ransomware, and data breaches. Regulatory frameworks such as GLBA, PCI-DSS, and SEC cybersecurity guidelines increasingly require proactive security measures, and penetration testing is a key component. At Shaka Cyber, we simulate real-world attacks to test your defenses, uncover vulnerabilities, and provide actionable remediation guidance—helping financial firms stay secure, compliant, and resilient in an ever-evolving threat landscape.
A cybersecurity breach in the financial sector can be catastrophic—both financially and reputationally. According to IBM’s 2024 Cost of a Data Breach Report, the average cost of a financial services breach is over $5.9 million, with recovery times often exceeding 200 days. Financial firms are frequently targeted due to their access to sensitive customer data, payment information, and proprietary trading systems. A single compromise can lead to regulatory penalties, client lawsuits, and loss of investor trust. For organizations subject to GLBA, PCI-DSS, and SEC regulations, penetration testing plays a vital role in identifying vulnerabilities and demonstrating a proactive security posture. At Shaka Cyber, we help financial institutions detect weaknesses before attackers do—reducing risk, protecting client data, and preserving operational continuity.