Asian Financial Institution Increasing Its Cybersecurity Posture With The Help of AKATI Sekurity

Based on a recent research, fraud and financial crimes are causing an estimated annual revenue loss of $3.5 trillion across industries and the reputational damage associated with cyber and fraud events is instantaneous. With the rise of cybercrimes and the finance sector itself a magnet to cyber attackers, financial institutions needed to hone their focus on building a secure security environment to safeguard their customers data and prevent what could amount to billions of losses. A renowned financial institution located in Asia wanted to strengthen their information security. With plethora of choices, the institution need to make a good and beneficial choice to ensure return of investment. Upon further research, they selected AKATI Sekurity as its best information security consulting and solutions provider.

The challenges the client was facing were information risk, exploitation of customers’ information, and the harm of the institution’s reputation and credibility. After the assessment and attacks simulation conducted, our consultants found several security issues that could detriment information integrity of the financial institution.

Taking every factor into consideration, AKATI Sekurity had been chosen and consulted for conducting internal and external security assessment, that includes, breach assessment, compromise assessment, infrastructure and application penetration test where the consultants exercise and simulate what attacks can be accomplished, and how the network can be accessed remotely. These exercises provided our security consultants with the baseline to determine the corrective and preventive remediation steps to be taken by the institution. Hence, with the assessment, the institution was advised on the exploitable weaknesses and are able to strengthen their security with proper guidance by AKATI Sekurity.