300x
Financial services firms are 300 times as likely as other companies to be targeted by a cyber attack. ​
CHALLENGE
387
The finance industry experienced the highest-ever rate of ransomware attacks, with 81% of financial services organizations hit by ransomware reporting successful data encryption.
25%
In 25% of ransomware attacks, cybercriminals not only encrypted data but also exfiltrated sensitive information, compounding the damage.
63%
Approximately 63% of cyberattacks against financial institutions are carried out by external threat actors motivated by monetary gain.
SOLUTION
What challenges is your
financial service organization currently facing?
Compliance & Regulatory Adherence
Financial organizations operate in a highly regulated environment, making compliance and regulatory adherence critical. Our tailored solutions ensure your security practices align with industry standards, helping you mitigate risks and protect sensitive financial data.
Security Risk Assessment
Our Security Risk Assessment identifies vulnerabilities and compliance gaps within your financial organization. By providing a comprehensive evaluation of your security controls, we help you implement effective measures to protect sensitive data and maintain adherence to regulatory standards.
Third-Party Risk Management
Our Third-party Risk Management service helps financial organizations assess and manage risks associated with vendors and partners. We ensure that third-party relationships comply with regulatory requirements, minimizing potential exposure and safeguarding sensitive financial information.
CUSTOMERS
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What is a Virtual CISO (vCISO)?A Virtual CISO (vCISO) is an outsourced expert security team who helps organizations manage their cybersecurity strategy, compliance, and risk without the cost of hiring a full-time executive.
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How does a vCISO help my business?A vCISO creates and implements a tailored cybersecurity strategy, allowing your business to focus on growth while ensuring your security risks are managed by experts.
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What industries benefit from a vCISO?Our vCISO services support businesses across various industries, including healthcare, finance, education, and more, helping them meet compliance standards and protect sensitive data.
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How does a Pivotalogic Virtual CISO client engagement work?Every Pivotalogic Virtual CISO engagement follows our simple and proven process, the Pivotalogic Continuous Improvement Model (PCIM). Step 1: Assess – Knowing where you are today is essential for identifying the risks and vulnerabilities that have the biggest impact on your organization. In this phase your Virtual CISO will conduct a risk assessment and get acclimated to your organization. This will help them to understand the business objectives, information security budget, internal resources, and critical business functions. This time gives the Virtual CISO a great foundation to start when developing your information security roadmap. Step 2: Address – This is where the rubber meets the road. Based on findings and observations from assessing your organization, your Virtual CISO has now developed a detailed roadmap of what gaps and vulnerabilities need to be addressed right now, what can be done at a later date, who will do the work, and when the work will start and when it will be completed. Step 3: Improve – See the fruits of your labor. Your Virtual CISO creates reports on the progress that has been made through our easy to understand but highly sophisticated, Security Posture Score and customizes each report based on who the audience is and what is most important to them. This makes communicating your security risk inward, upward and outward a breeze.
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How much does a Virtual CISO cost?The cost of a virtual CISO ranges vastly and is heavily dependent on the workload required, compliance and the level of involvement your organization desires. Smaller engagements can start around $42,000 per year and larger more complex engagements can reach over $100,000 per year. Fill out the form below to get a price quote specific to your organization!
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Is Virtual CISO a technical role?A Virtual CISO is a skilled leader with a strong understanding of information technology and security, who can communicate complicated security concepts to both technical and nontechnical employees and C-suite executives. It is important to remember that a Virtual CISO is the person who provides the information security strategy for the organization. Pivotalogic Virtual CISO’s have a handful of technical resources that are utilized on a tactical level to achieve their high-level strategic objectives.
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What are the key services a vCISO provides?Our vCISO services include developing an Information Security Roadmap, conducting ongoing management working sessions, performing internal and external vulnerability scans, delivering quarterly security reports and reviews, creating and updating security policies and procedures, resilience planning and testing, providing security posture score updates, and offering support for security questionnaires, compliance, and cybersecurity insurance.