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Cybersecurity for Finance and Insurance Industry

Banks, investment firms, insurance brokers, and fintechs manage more digital transactions than ever before and vast amounts of sensitive data. The high value of this data on the dark market, the rapid increase in cyberattacks, and the move towards adopting cloud technologies and launching new applications turn investing in third-party Offensive Security Services as part of a mature security strategy into an attractive investment.

Our custom solutions help organizations assess and improve their security posture against cyber threats in the industry including:

Executive Summary

Ransomware attacks on financial services have increased from 55% in 2022 to 64% in 2023, which is nearly double the 34% reported in 2021. Only 1 in 10 attacks were stopped before encryption took place, making a total of 81% of organizations a victim of data encryption.

Social Engineering

Phishing is the second most commonly reported cybercrime and the costliest, with an average of $4.91 million in breach costs. Attacks target 76% of global businesses. By Q3 2023, nearly 1.3 million unique phishing sites were detected around the world, and most remain undetected.

Cloud Security Breaches

In Q1 2023, 6.41 million data records were leaked in worldwide data breaches, impacting millions of individuals and ruining brands and reputations. As of 2023, the average cost of a data breach in the United States amounted to 9.48 million U.S. dollars.

Our Cybersecurity Solutions For Finance & Insurance Companies

Secragon’s world-class cybersecurity services help finance organizations comply with requirements and avoid costly fines.

Application Security Penetration Testing

Protect mission-critical apps through our web, mobile, and API penetration tests.

Network Security
Penetration Testing

Internal, external, wireless, mainframe, ICS / SCADA penetration…

Cloud Security

Penetration Testing

Enhance security of assets on Amazon AWS, Microsoft Azure and Google Cloud.

Remote Working

Security Assessment

Infrastructure penetration tests, firewall configuration review, remote access…


We, at Secragon, are a team of certified ethical hackers, visionary security engineers, seasoned penetration testers, and committed project managers… but first of all – professionals, who LIVE and BREATHE Offensive Security. Along the list of qualifications, titles, and credentials, we bring a real “think outside of the box” mindset to every project and we constantly strive to learn, explore, and push forward to master complex concepts and deliver top-notch services and results.

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