BFSI Cybersecurity Solutions
Pama Provides Uncompromised Security for BFSI
Overview
The BFSI industry is the lifeline of the economy, playing a crucial role in coordinating cash flow, providing credit services, investment, payment, and insurance for individuals and businesses. Organizations in this sector handle a large amount of sensitive data, including financial information, customer identities, insurance contracts, and electronic payment transactions. Due to its high digitalization and strict security requirements, the BFSI industry is a top target for cybercriminals aiming for financial fraud, data theft, targeted attacks (APT), and brand reputation sabotage.
Risks to BFSI
The BFSI industry is a prime target for hacker groups because it handles a large volume of financial data and high-value identity information. Common attack forms include: ransomware attacks to encrypt data and demand ransom, APT attacks to steal customer data, and transaction spoofing to seize assets. The prevalence of digital banking and e-wallets expands the attack surface, while many core systems still operate on outdated platforms or are not routinely monitored. Additionally, the shortage of security experts and the pressure to comply with regulations like PCI-DSS, Decree 53 creates gaps in monitoring, defense, and response to cybersecurity incidents.
Current Situation in Vietnam
Increased Cyberattacks on Banking Systems
In 2023, Vietnam recorded 13,900 cyberattacks on organizations, with banking systems being one of the primary targets. Particularly, ransomware attacks affected over 83,000 computers and servers, an increase of 8.4% compared to 2022.
Increased Cyberattacks on Banking Systems
Increase in Online Financial Fraud
Online fraud, especially through fake banking apps and phishing messages, has caused significant damage to users. In 2023, the Ministry of Public Security handled over 3,500 cases related to high-tech crime, with total estimated losses exceeding 2,487 billion dong.
Increase in Online Financial Fraud
Risks from Old Technology Systems and Lack of Specialized Personnel
Many banks still use outdated IT systems that have not been updated or patched in time, creating opportunities for hackers to exploit. Additionally, the shortage of specialized cyber security personnel makes it difficult to detect and respond to incidents.
Risks from Old Technology Systems and Lack of Specialized Personnel
PAMA's Solutions
Prevent Data Leakage and Protect Customer Information
Pama helps financial organizations enhance control over sensitive data with Data Loss Prevention (DLP) and Data Security solutions, thereby detecting and preventing data leaks, unauthorized sharing, or unauthorized access to financial and user identity information.
Prevent Data Leakage and Protect Customer Information
Monitor and Respond Quickly to Targeted Attacks (APT)
Pama deploys Network Detection & Response (NDR) solutions combined with Endpoint Detection & Response (EDR) and Deception, allowing comprehensive monitoring of system behavior, automatic analysis of unusual signals, and early warnings of APT attack campaigns, thereby supporting timely investigation and response.
Monitor and Respond Quickly to Targeted Attacks (APT)
Enhance Security for Applications and Digital Banking Ecosystem
Pama supports banks in controlling risks in APIs, web applications, and mobile apps with API Security and Web Application Protection solutions, helping to detect hidden APIs, prevent exploitation of application vulnerabilities, bad bots, and OWASP Top 10 attacks, ensuring safety for online transactions and e-wallets.
Enhance Security for Applications and Digital Banking Ecosystem
Pama Is Trusted By BFSI Agencies And Leading Enterprises
10+
Pama Is Trusted By Government Agencies And Leading Enterprises
25+
Pama Is Trusted By BFSI Agencies And Leading Enterprises
20+
Pama Is Trusted By Telecommunication Agencies And Leading Enterprises