Ciphent, a provider of cyber security solutions, has launched a new security risk and compliance assessment aimed at identifying and remediating strategic and technical vulnerabilities, and data loss gaps in bank and credit union security infrastructures. Ciphent’s latest assessment offering debuts on the heels of the FBI cybercrime division claims that in 2009 cyber hackers stole over $40mn from bank accounts primarily owned by medium and small businesses.
Ciphent’s new Strategic Security Review (SSR), a 3-week intense assessment and security roadmap evaluation is aimed at preventing data leakage and cyber break-ins at banks, credit unions and businesses. It includes operational assessments of people and processes as well as technical assessments and attempts to exploit data loss holes, insecure software and the execution of full vulnerability and penetration tests.
The data loss discovery assessment also includes a report of every piece of sensitive information leaving the network and malicious content entering.
Ciphent claimed that SSR would provide an immediate-need action item report as well as a detailed 6 month, 12 month and 2 year security plan to balance budgets and maximize investment in security methods and technologies that will provide benefit.
James Foster, CEO of Ciphent, said: “Most small and medium-sized organizations do not realize that the liability for compromised corporate checking accounts falls on the targeted companies and not the banks or credit unions as is the case with personal identity theft claims.
“In short, if $10,000 is stolen from your corporate checking account you have almost no chance of recovery. This comes as a huge surprise for victim organizations that have not adequately prepared themselves for the next significant threat to this Country’s economy.”
Don Schmidt, director of professional services at Ciphent, said: “Our customer’s need help closing the gaps in their perimeter and locking down the sensitive data that is leaking out of their internal networks. We’ve been able to help organization’s mitigate thousands of vulnerabilities and reduce direct financial liability. Every organization large or small can benefit from an intense assessment of their security program.”
