Financial Services Cybersecurity Assurance
At Complade, we specialize in providing cybersecurity assurance services tailored to the unique challenges faced by small and medium-sized financial services providers. Our audits and assurance services help organizations confirm the effectiveness and compliance of their existing security measures, thereby assisting in mitigating financial and data risks.
Report and an impact calculator:
Small Financial Services Ransomware Bench Mark
The "Ransomware Benchmark Report for Small Financial Services in Canada" provides an in-depth analysis of the impact of ransomware on small financial services sector. Based on rigorous, the report offers insights into effective mitigation strategies, risks, and associated costs. Key sections cover topics such as common ransomware attack vectors, probability and impact analysis, ransomware control measures, and the role of cybersecurity certifications in enhancing security. The report also includes a specialized Ransomware Cost Calculator tool, accompanied by a video guide, to help organizations estimate the true cost of ransomware attacks and make informed investments in cybersecurity. More details here
Complade Assurance Services:
Cybersecurity standards Conformity audit and testing services for the financial services sector:
Cyber Secure Canada Standard
Open Finance Data Security Standard
OFDSS - The Open Finance Data Security Standard sets out to improve Canadian user access to financial data across banking institutions, emphasizing user-friendly design, secure access, and data sharing. It mandates design principles, secure authentication, customer consent, and data portability, fostering a secure, transparent, and competitive financial environment.
ISO 27701:2019 Privacy Information Management System
ISO/IEC 27701 provides a framework for privacy information management, requiring organizations to define the scope of personal data handling, assign privacy roles, conduct risk assessments, and establish privacy objectives. It emphasizes the importance of operational controls, consent mechanisms, respect for data subject rights, employee training, and maintaining documentation. The standard mandates regular performance evaluations and encourages continuous improvement, supporting organizations in managing privacy risks and demonstrating compliance with data protection laws.
ISO 27001 Certification
PCI DSS Assessments
SOC 2 Audits
CSA CCM Assessment
Sector-specific vulnerabilities in assets require customized audit approaches. Similar technology stacks among firms in the same sector make tailored assurance more effective. Complade's specialized focus delivers accurate assurance to stakeholders.
Advisory and Brokerages
Advisory and brokerage firms frequently manage sensitive client financial data, ranging from financial statements to credit histories. These firms act as custodians of this data, making cloud vetting essential for security. They commonly use case management applications, both on-premises and cloud-based, along with cloud email solutions. Cybersecure Canada is an appropriate standard for Canadian firms with fewer than 500 employees, focusing on data protection and system access controls. ISO 27001 is a universally recognized cybersecurity standard suitable for managing comprehensive information security in these organizations.
Organizations in the insurance sector frequently employ an Agency Management System and offer client portals. Data storage solutions are also a common asset in this profile. For Canadian mutual insurance companies with fewer than 500 employees, Cybersecure Canada is an ideal standard focusing on data protection and incident response. ISO 27001 provides a globally accepted framework for comprehensive cybersecurity assurance. Complade can also partner with insurance firms offering cybersecurity insurance to provide audits, helping them manage risks for their clients.
FinTech firms face a unique set of challenges, functioning both as cloud providers and cloud customers. They not only deliver software as a service (SaaS) but also process client data, often stored on hyperscale cloud platforms. This complexity elevates the importance of specialized cybersecurity standards for assurance. SOC 2 attestation is vital for ensuring cloud-based data privacy and security controls. ISO 27001 offers a universally accepted cybersecurity standard that provides comprehensive assurance. For those heavily reliant on cloud services, CSA STAR Certification or Attestation gives an in-depth evaluation of the firm's cloud security posture.
For a personalized discussion on your Cybersecurity assurance needs, consider scheduling a meeting with an audit and assurance advisor.
Choose a time below, email us at FinancialServices@complade.com, or call 1-289-804-1616.