Protecting financial services online

Banking and financial services

Boosting and protecting financial organizations

Modern financiers make money work for their clients, investors, and investments alike. As online services eclipse brick-and-mortar banking, the finance industry finds digital solutions to emerging challenges, from global recessions to specific stock fluctuations. Banks succeed with expertise, security, and technical enablement, serving their clients and keeping their assets safe.

Top priorities

Consumer trust

Crisis Management

Digital Security

Banking services change the course of lives and livelihoods, from corporate loans to family savings. Financial sums draw close attention from cybercriminals and regulators, so financiers must equip themselves to succeed.

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As a global average, cybercrime costs financial companies $18.5m per year.

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3/4 Americans are not confident in crypto's safety and reliability.

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Data breaches cost $6,000,000 on average in the finance industry.

Achieve these objectives with EBRAND

Financial professionals face unique threats online, but tailored technical solutions help them meet their goals.

Securing domains to support websites and communication

Like any industry, financial firms must align their teams and operationalize their assets to achieve their goals. Domain assets like websites and email servers form a vital piece of the puzzle, supporting security, accessibility, and product growth. EBRAND domain solutions deliver specific tools (registration, monitoring, TMCH) and general strategic guidance to support your team.

Reinforcing servers against hijacks and takedowns

For online banking, websites and domains represent crucial resources to be safeguarded with the utmost care. DNS hijacking bypasses these safeguards, attacking website records and redirecting clients to fake sites. Similarly, DDoS attacks overload servers to exploit downtimes and harvest private data. Banks invest in DNS infrastructure, building safety and redundancy to protect their websites, and their clients’ card details.

Fortifying DNSSEC against DNS spoofing and cache poisoning

Hackers prioritize financial targets for cyberattacks, developing tactics like DNS spoofing and cache poisoning. These attacks mimic servers, inject malicious code into caches, and redirect traffic to fake sites for exploitation. Technical attacks require technical solutions, and banking firms improve their DNSSEC to bolster security and verify their internal systems.

Analysing NFT markets

As NFTs and blockchain technologies establish themselves in the digital mainstream, financial institutions require new sets of tools to approach them. Monitoring this developing space equips financiers to support their clients and mitigate digital threats from scams, thefts, and infringements.

Scanning the dark web for leaked financial data

Hackers exploit the dark web to victimize financiers and their clients, plotting and profiting from attacks online. Over 22 million pieces of financial data went on sale across dark web channels in 2020, so any financier could be at risk. Diligent institutions deploy research tools to shine a light on the dark web, identifying threats and breaches before they cause any further harm.

Exposing institutional impersonation

Finance firms present lucrative hacking targets, and cybercriminals impersonate companies and service to trick their victims. Typical impersonation scams include fake website redirects, fraudulent investment opportunities, and loan scams. These tactics elicit millions from their targets every year, dragging reputations through the mud in the process, and banks must enforce their authority by tackling impersonations.

Foiling social media impersonation

Banks maintain substantial social media presences to enable their customers, promote services, and develop growth. However, scammers exploit gaps in social media coverage to impersonate support staff, product posts, and official profiles. Fake board members and tellers harness the power of social media to launch high volumes of attacks at large audiences, requiring drastic action to tackle the trend.

Investigating rogue actors

Hackers rarely give up after one attack, instead levelling similar tactics at the same finance firm over multiple channels until they find a gap in the armor. Discovering these attack patterns helps businesses learn from previous attempts, anticipating the next challenge forewarned and forearmed. Using threat clusterization tools, professionals combat the hackers, rather than the hacks.

Countering consumer phishing, fake bankers, and job scams

Financial services represent a hacker’s number one priority, with the industry accounting for a quarter of all phishing attacks in 2020. In phishing attacks, cybercriminals impersonate banking services or account managers to trick clients, changing bank details and extorting savings. Foiling these attacks helps financiers protect their consumer base, strengthen their organization, and deliver the services that matter.

Deflecting spear phishing and fraudulent invoices

Hackers use targeted attacks against decision-makers in the finance industry, loading inboxes with deceptive communications and malware over email. These tactics, known as spear-phishing attacks, include personalized references to the target, and convincing details about their role, to dupe managers and executives. With finances and reputations on the line, banking firms deploy Digital Risk Protection solutions to stop phishing at the source.

Eliminating banking fake apps and third-party stores

Cybercriminals target their victims by any means available, listing fake banking apps across appstores to trick finance clients into revealing their details. Banking institutions defeat cybercriminals, protect clients, and sustain legitimate services by stamping out fake apps. Using EBRAND’s search and action tools, financial professionals identify and remove these kinds of scams.

Streamlining digital compliance

Authorities place uniquely strict regulations and fines on the financial industry’s digital compliance. These regulations make sense, as finance maintains high standards for critical services. EBRAND delivers technical solutions for digital compliance, supporting SSL, WHOIS, DNS, and GDPR standards.

Finding effective solutions

EBRAND provides financial services professionals with three software solutions, each delivering unique benefits and complementary value. Learn more about each offering to see which tools suit your business best.

Domains and websites require practical tools and forward-thinking strategies to stay safe, particularly in high-stakes, frequently-targeted industries like financial services.

EBRAND’s Corporate Domain Management platform delivers the necessary security to keep finance firms strong, reliable, and compliant. The team of experts and AI-enhanced software solutions deliver a domain solution you can bank on.

Secure your domains

Digital scammers dupe financiers and their clients with new tools every year, spoofing tellers and executives with social media assets and AI-powered deepfakes. To unmask impersonators, the industry picks up AI-enhanced tools of its own, like Online Brand Protection.

The EBRAND Online Brand Protection solution provides all the tools and support you need to identify and eliminate impersonations and other digital brand threats.

Protect your brand

It’s not easy being cybercrime’s top target. Fortunately, proactive tools let you take control of digital risks, and turn threats into opportunities to establish yourself. Finding the right solution helps financiers mitigate all manner of digital risks, from cyberattacks to compliance breaches.

Firms choose EBRAND’s Digital Risk Protection platform to understand their threat landscapes and takedown phishing attacks at the source.

Defeat digital risks

FAQs for financial services professionals

How does Corporate Domain Management help the finance industry?

Finance firms provide vital services to all sections of society, helping businesses acquire partners, and workers buy lunch. Increasingly, clients and providers alike rely on digital services more than in-person banking: new digital banking registrations spiked by 200% during the pandemic, and new clients make the most of online financial services every year.

Digital banking helps finance firms grow, increasing accessibility, scalability, and efficiency. However, running these digital services requires secure, effective infrastructure like websites and emails. Websites and email access both rely on domain services, so finance firms benefit from best-in-class Corporate Domain Management.

CDM solutions keep firms in the finance industry secure against attacks like DNS hijacking, compliant with GDPR and ICANN regulations, and strategically placed to maintain their presence online.

To learn more about a tailored CDM solution that’ll help your business boost and protect its domains, get in touch with our team for a free audit.

How can Online Brand Protection support digital banking?

Customer trust underpins a firm’s success in the banking industry, and 48% of people do not trust their ban to help them manage their finances during a recession. Finance companies therefore take utmost care to protect their hard-fought reputations, improve customer experience, and monitor threats to their company.

Online Brand Protection delivers a solution to all three of these goals, delivering monitoring and action services that help firms earn and maintain the trust of their customer base. With the research tools to map the online landscape around their intellectual property, finance firms intercept abuse and impersonations, flag security risks, and learn more about opportunities in their industry.

Enable your brand to achieve it’s goals in the finance sector, and discover more the ARGOS Online Brand Protection solution.

Does Digital Risk Protection benefit the financial industry?

Cybercriminals love the finance industry. The sector faces unique threats from online attackers, and some studies find that attack recognition times span to 435 days.

Experienced finance professionals tackle these threats before they harm the business or its clients, deploying effective tools like Digital Risk Protection solutions. Digital Risk Protection helps teams tackle dangerous attacks like phishing, fraud, and data breaches, combining threat intelligence with smart takedown services. Improving incident response also ensures that finance firms comply with strict digital regulations, minimizing costs from fines and payouts.

Ultimately, Digital Risk Protection solutions like EBRAND’s X-RAY platform build intuitive, cost-effective, and robust fortifications that empower firms to succeed in the finance industry.

What is SSL, WHOIS, DNS, and TMCH?

Key technical terms for finance professionals using EBRAND solutions:

SSL stands for Secure Sockets Layer

SSL protocols encrypt communications between website servers and the browsers where they’re listed. This encryption delivers the necessary security for high-stakes industries and objectives like financial services and ecommerce.

WHOIS shortens the question ‘Who is?’ for technical purposes online

WHOIS typically refers to the public database that stores records about domain names, websites, and their owners. These records often include information about the company or entity’s contact details, including a name, location, and email address. WHOIS data provides accessibility and accountability for domain ownership.

DNS stands for Domain Name System

Domain Name Systems translate IP into their corresponding domain names, and vice versa. As computers and digital networks use IP addresses to manage domain assets, people recognize domain names better than strings of IP numbers, hence the need for translation and integration. Ultimately, DNS helps people find the website they need online, including banking services. Hackers exploit this system, so finance firms reinforce their DNS to keep their clients safe.

TMCH stands for Trademark Clearinghouse

Authorities created the Trademark Clearinghouse database to document existing domain names, and manage the evolution of new domains securely. Regulating domains helps firms enforce their property and deliver for their clients, a particularly valuable objective in the finance industry. EBRAND helps finance firms make the most of the TMCH, taking action against infringements, and acquiring valuable digital assets to help online presences grow.

When finance firms and service providers align behind the same technical definitions, they equip themselves to communicate effectively, tackling threats and capitalizing on opportunities. Take control of more terminology around domains, risks, and protection online in EBRAND’s technical glossary.

How do finance firms measure ROI in their digital services they acquire?

Finance firms earn a living from cost-benefit analyses, making calculated investments with forethought and expertise. Understanding objectives, market trends, and industry regulations helps experts weigh up the risks and rewards of any new solution.

Ultimately, the finance industry faces plenty of risks online. Around 19% of all financial institutions suffered a data breach in 2020, following a range of digital hacks and scams. From service outages, to phishing attacks, to data breaches and regulatory fines, financiers face a rocky digital landscape that’s enough to make customers panic. The digital threats also increase every year, as hackers develop new tactics to slip past your defences or lead your clients astray. Each new digital threat makes services like EBRAND’s all the more rewarding.

Firms determine digital service ROIs by measuring their risks against their rewards, in terms of goals and finances. The best way to learn more about risks, costs, KPIs, and how to achieve them stem from working with industry experts.

Develop a tailored success plan for achieving your ROI by collaborating with our team.