Banking, Finance & Insurance

Within the European Union, the banking, finance, and insurance sectors—including electronic payments—are facing growing pressure to comply with increasingly stringent regulations. This requirement is further compounded by the exponential rise in cyberattacks. Our BFI/EP Skill Center addresses these challenges by aligning security, cybersecurity, and risk management with key regulations such as DORA, GDPR, NIS2, PCI-DSS, KYC, EMIR, PSD2, MiFID2, and AML/CFT.

By combining business and technical expertise, our Governance, Assessment, and Architecture divisions ensure data protection, compliance, and the continuity of critical operations.

Mastery of regulatory requirements and auditable evidence

Compliance with regulatory requirements and auditable evidence

Interpreting, understanding, and translating regulatory requirements into operational activities requires cross-functional expertise. Our experts have a thorough understanding of French and European regulatory requirements, thereby ensuring compliance and the production of auditable evidence. Our certifications in Governance (ISO 27001), Risk Management (ISO 27005RM), and Risk Analysis (EBIOS RM) reinforce our approach, optimizing the integration of the various regulations to which companies are subject. NIST is taken into account as needed.

Security and Cybersecurity: Audits and Compliance

We structure our services around application architecture and configuration audits, as well as flow matrices and network diagrams, to align information system security with compliance requirements, particularly regarding operational resilience under DORA.
Our PASSI LPM certification enables us to meet the growing requirements for penetration testing in the public sector and among OIVs. We also offer cross-functional technical expertise for the management of critical service providers (C/ICT TPP), an essential component of regulatory compliance.

Effective engagement with stakeholders and regulators

As Line of Defense No. 2 (Risk Management), our approach involves seamless collaboration with the various lines of defense within organizations: Line of Defense No. 1 (Operations) and Line of Defense No. 3 (Internal Audit). We also collaborate with the Legal, Procurement, HR, Compliance, Internal Control, and IT departments to ensure rigorous risk management and the production of auditable evidence. Beyond these internal collaborations, our ability to communicate effectively with regulators, such as the ACPR and the CNIL, is a major asset for our clients.

We offer a full range of services:

• Strategic consulting: Development of security and cybersecurity strategies aligned with applicable regulations.

• Technical support: Assistance with the implementation of security solutions.

• Operational deployments: Implementation of security measures at the operational level.

• Risk management and analysis: Assessment of regulatory risks and implementation of corrective measures.

• Training: Programs focused on cyber and regulatory risks: development of awareness-raising modules.

Would you like to learn more about Scassi’s expertise in banking, finance, and insurance?

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FAQ

What are the most common cybersecurity risks facing the banking, payment, and insurance sectors today?

Major risks include data breaches, ransomware attacks, and insider threats, which can compromise the security of sensitive information and the continuity of operations. Managing these risks requires a robust cybersecurity strategy that complies with applicable regulatory standards.

How do regulatory requirements influence cybersecurity strategy in the financial sector?

Regulations such as the GDPR, DORA, KYC, EMIR, PSD2, MiFID2, and AML/CFT and the LPM establish strict frameworks for data protection and risk management. They require financial institutions to implement appropriate security policies and controls to protect data from unauthorized access and cyberattacks. They also address the risks associated with anti-money laundering and counter-terrorist financing.

What methods are recommended for assessing and managing security risks in a complex financial environment?

The EBIOS RM method is often used for systematic risk assessment. It helps identify vulnerabilities and develop strategies to mitigate them, based on rigorous analyses and security measures tailored to the specific nature of financial environments. NIST SP800-30, ISO 27005, COSO ERM, and FAIR are also methods specifically designed for financial institutions and insurance companies.

What are the best practices for securing IT infrastructure in financial institutions?

These practices include implementing intrusion detection and prevention systems (IDS/IPS), establishing a Security Operations Center (SOC) for monitoring and incident response, and conducting regular penetration tests to identify and address vulnerabilities before they are exploited.

How can data protection and compliance be ensured in the financial sector?

To ensure data protection and compliance, it is crucial to implement strict data management policies, conduct regular compliance audits, and ensure that all data protection measures are in line with the GDPR and other relevant regulations. Adopting robust identity and access management (IAM) systems also helps control and monitor access to critical systems.

Business sectors

Automotive & Land Transport

Business sectors

Aeronautics & Aviation

Business sectors