Financial & Banking
Why Financial Services Need Confidence as a Service™
When Financial Services Need...
Financial services such as CPAs, bookkeeping services, financial advisors, credit unions, title companies, and other similar businesses are high-value targets for cybercriminals. In this industry, sensitive client data and financial information are constantly being exchanged and stored, which makes it essential to have strong cybersecurity measures in place.
Our exclusive offering, Confidence as a Service™, provides a comprehensive and scalable solution that covers all aspects of cybersecurity and compliance. It helps financial services companies to protect their clients’ sensitive information and keep their businesses running smoothly.
Furthermore, our co-managed solutions enable existing IT support providers to provide an additional layer of cybersecurity and compliance oversight. This approach is designed to provide redundancy and fill in the gaps to strengthen or fix existing solution models, helping to improve overall cybersecurity and compliance for financial services companies of all sizes.
By partnering with us, financial services companies can feel confident that their cybersecurity and compliance needs are being met. We have a deep understanding of the unique challenges and regulations of the financial services industry, and we are committed to providing tailored solutions to meet the specific needs of our clients.
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World-Class Services. Worldwide Support. American Made.
Clients of WOM Technology Management Group have all of the advantages of 24-hour, 7 day a week, 366 days a leap year support anywhere in the world. From our headquarters in Hobe Sound, Florida, we can put boots on the ground ANYWHERE in the United States and provide industry-specialized help desk support for all small business applications and solutions ANYWHERE on the globe.
Our Unique Offerings + Your Unique Needs = Confidence
Financial services are a prime target for cyber criminals due to the large amounts of sensitive data they hold. According to a report by the Identity Theft Resource Center, the financial sector had the highest number of data breaches in 2020, accounting for nearly 40% of all breaches. This is particularly alarming considering the vast array of sensitive information financial services handle on a daily basis, including personally identifiable information (PII), financial data, and confidential business information.
Given the importance of maintaining the confidentiality, integrity, and availability of sensitive data, it is critical for financial services firms to have robust cybersecurity measures in place. WOM’s exclusive offering, Confidence as a Service™, provides financial services companies with a comprehensive approach to cybersecurity and compliance that can be integrated with any IT managed services provider or internal help desk as a co-managed solution.
One of the key advantages of our offering is our ability to scale enterprise-level cybersecurity solutions down for companies of all sizes, including small and medium-sized businesses. As pioneers in the small business cyber risk field, we understand that even companies with as few as one employee need to protect themselves and their clients from data theft, loss, and downtime.
In addition, our co-managed solutions can integrate seamlessly with existing IT support providers, providing an additional layer of cybersecurity and compliance oversight. This helps to ensure that all cybersecurity and compliance needs are met and that there are no gaps or vulnerabilities in the system.
Compliance is another critical concern for financial services companies, and WOM’s Confidence as a Service™ includes compliance management as a core component. This helps companies stay in compliance with regulations such as the Gramm-Leach-Bliley Act (GLBA), the Payment Card Industry Data Security Standard (PCI DSS), and other relevant regulations.
Given the high cost of data breaches and cyber attacks, it is essential for financial services companies to take a proactive approach to cybersecurity and risk management. According to a report by IBM, the average cost of a data breach in the financial services sector was $5.85 million in 2020. This underscores the need for robust cybersecurity measures, and Confidence as a Service™ provides financial services companies with the comprehensive protection they need.
Another key advantage of our offering is our focus on people. In the area of cybersecurity, a company’s biggest weakness is often its own employees. This is why we place such a strong focus on security awareness training. In the area of IT support and consulting, we focus on making sure that a company’s team is executing their workflows in the most efficient and effective way possible.
At WOM, we prioritize collaboration and partnerships with law enforcement agencies, non-governmental organizations, and other stakeholders to create a united front against cybercrime and other digital threats. By working together with our clients and partners, we aim to create a safer, more secure digital environment for all.
Financial services companies need to take a proactive approach to cybersecurity and risk management in order to protect their sensitive data and maintain the trust of their clients. WOM’s Confidence as a Service™ provides a comprehensive and scalable solution that can be tailored to meet the unique needs of each client. With our focus on people, collaboration, and partnerships, we are uniquely positioned to help financial services companies navigate the complex and ever-changing landscape of cybersecurity and risk management.
Cybersecurity, Compliance & IT Services
What does your business need?
The perfect partner for your existing IT support:
Confidence as a Service™ is a comprehensive approach to cybersecurity and compliance that can be integrated with any IT managed services provider or internal help desk as a co-managed solution. This approach is designed to provide redundancy and fill in the gaps to strengthen or fix existing solution models, helping to improve overall cybersecurity and compliance for businesses of all sizes.
By working in tandem with existing IT support providers, internal help desks, and other solution providers, Confidence as a Service™ can provide a comprehensive solution that takes into account all aspects of cybersecurity and compliance. This co-managed solution helps to ensure that all cybersecurity and compliance needs are met and that there are no gaps or vulnerabilities in the system.
Furthermore, this approach provides an additional layer of security and compliance oversight, helping to improve overall risk management and reduce the risk of cyber threats and data breaches. With Confidence as a Service™, businesses can feel confident that their cybersecurity and compliance needs are being met, without the need for extensive in-house expertise or resources.