Finance and Banking Email Protection

You handle the most sensitive client information – Spambrella provides you with the controls to protect it

Financial companies are held to the highest of standards because of the amount of sensitive information being accessed and transferred daily. Taking the next step and securing your email with an email content control and encryption solution that increases productivity is the real answer:

Spambrella’s secure email solution utilizes a cloud-based portal, effectively helps lower your risk exposure, and takes that next step, helping fulfill necessary federal and state compliance regulations. 

The financial sector is particularly susceptible to email cyber attacks due to the sensitive nature of the information it handles and the potential for significant financial gain by attackers. Here’s how email cyber attacks can affect the financial sector:

Phishing and Social Engineering: Email phishing attacks targeting financial institutions often aim to trick employees or customers into divulging sensitive information such as login credentials, account numbers, or personal identification details. These attacks can lead to unauthorized access to accounts, identity theft, or fraudulent transactions.

Business Email Compromise (BEC): BEC attacks involve impersonating executives or other trusted individuals within an organization to deceive employees into transferring funds or sensitive information. Financial institutions, with their complex organizational structures and large transaction volumes, are prime targets for BEC attacks, which can result in substantial financial losses.

Ransomware: Ransomware attacks delivered via email can encrypt critical financial data, paralyze operations, and extort payments for decryption keys. Financial institutions may face significant disruptions and financial losses if they are unable to restore systems quickly or if sensitive customer data is compromised.

Data Breaches: Email cyber attacks can lead to data breaches in financial institutions, exposing sensitive customer information, financial records, and proprietary data. The fallout from a data breach can include regulatory fines, legal liabilities, loss of customer trust, and damage to the institution’s reputation.

Market Manipulation: Sophisticated email attacks targeting financial professionals may seek to manipulate markets, spread false information, or gain access to insider trading opportunities. Such attacks can undermine market integrity, disrupt trading activities, and erode investor confidence.

Regulatory Compliance Risks: Financial institutions are subject to stringent regulations regarding data protection, cybersecurity, and financial transparency. Email cyber attacks that result in data breaches or compliance violations can lead to regulatory penalties, enforcement actions, and reputational damage.

Operational Disruption: Email attacks such as phishing, malware, or distributed denial-of-service (DDoS) attacks can disrupt critical financial operations, including payment processing, trading platforms, and customer services. These disruptions can result in financial losses, customer dissatisfaction, and regulatory scrutiny.

To mitigate these risks, financial institutions must implement robust cybersecurity measures, including employee training, email security protocols, threat intelligence monitoring, incident response plans, and encryption technologies. Collaborating with industry peers, regulatory bodies, and cybersecurity experts can also help strengthen defenses and improve resilience against email cyber attacks.

Secure email 100% enforced by policy

As a Financial organization, you must provide email encryption that’s transparent to your end-users but backed by a strong policy engine that ensures all sensitive data is protected before it leaves the organization. Spambrella Email Encryption ensures all encrypted messages are branded to your company’s requirements.

Recipients of Spambrella encrypted emails follow simple steps to authenticate and access their messages. No pre-registration or exchange of encryption keys is required to use Spambrella Encryption; ad-hoc email encryption is fully supported.

Compliance with Regulations and Internal Policy

Prevent confidential information exposure and enable compliance with global data protection regulations and internal policy.

Enable compliance with U.S., international, and industry-specific data protection regulations, such as the Gramm-Leach-Bliley Act (“GLBA”) requirements under the Financial Privacy Rule, Canada’s Personal Information Protection and Electronic Documents Act (“PIPEDA”) and the Payment Card Industry Security Standard Council’s Data Security Standards (“PCI-DSS”), among others.

Key benefits of Spambrella for the Finance Industry include:

• Simplified Regulatory Compliance: Ensure your outbound messages comply with national and state government and industry-specific privacy regulations.
• Superior Malicious and Accidental Data Loss Protection: Protect against the loss of sensitive data— from an employee accidentally distributing a file to the wrong party through corporate email systems.
• Easy-to-use Secure Communication: Share sensitive data easily without compromising security and privacy, and enable authorized external recipients to decrypt and read the communications from any device. 

See also:

FINRA: Phishing Emails Targeting Financial Companies

Impostor Email Attacks Increased More than 60% Year-Over-Year