Banking security
Security advice for banks, payment service providers and finance departments – against fraud, insiders and targeted attacks.
Banks and financial service providers are a preferred target: this is where the money and the data are. Attacks target customers, employees and the institution itself.
Supervisors and the public expect incidents to be prevented and, if they do happen, to be dealt with properly.
Threats to your company
- Account takeovers and online banking fraud, including calls from fake bank advisers
- Insiders who sell data, manipulate loans or assist fraudsters
- Money laundering through straw men, shell companies and crypto assets
- Attacks on payment systems, ATMs and cash logistics
- Extortion and threats against branch staff and management
- Leaks of customer data that are later offered on the dark web
Typical problems
- Fraud patterns change faster than rules and systems are adapted.
- Signs of insiders are overlooked or not pursued out of consideration.
- Checks on customers and business partners remain a formality. Who is really behind them stays unclear.
- Regulatory duties such as DORA and anti-money-laundering law tie up resources but do not replace your own assessment of the situation.
- After incidents, there is no independent, discreet review.
Financial consequences
- Direct fraud losses and refunds to customers
- Supervisory penalties and conditions for breaches of anti-money-laundering and security rules
- Costs of special audits, forensics and system remediation
- Customer attrition after incidents become public
- Liability of the management board and supervisory board
- Loss of correspondent banks and business partners
Our approach
- Threat analysis for the institution, branches and payment systems
- Insider-threat programmes: detect, report, investigate
- Background checks on business partners and beneficial owners
- Discreet internal investigations in case of suspicion
- Training for staff and executives on current fraud schemes
A suspicion is best clarified early.
Tell us about your concern. We will get back to you personally and confidentially.