MONEY IN THE CROSSHAIRS
Fintech companies handle payments, financial APIs, and sensitive user data that make them high-value targets for cybercriminals. Unlike traditional banks, fintechs scale rapidly and must meet PCI-DSS, SOC 2, and ISO 27001 requirements from day one. Specialized cybersecurity services help fintechs secure their platforms, pass audits, and earn trust from banking partners and regulators.
Technology and digitalization
The great advantage fintechs offer is the agility and freedom of startups, which lets them use technology to innovate at high speed. That accelerated digitalization is exactly the growing niche for cybercriminals, who look for any creative way to deceive users, abuse applications, or break into protected systems to monetize their activity.
Consider for a moment the following scenarios:
- Fake emails, websites, phone calls, or messages used to deceive users and steal their accounts
- Tampering with mobile apps publicly available on the Apple and Google stores
- Abuse of the web services those mobile apps connect to
- Unauthorized access into web applications
- Security breaches that affect regulations in your own country or other regions
- Media scandals or lawsuits caused by cybersecurity breaches
It is no surprise that banks are more demanding when it comes to doing business with commercial partners, and it is very common for them to require audits to minimize any risk that could affect them.
Cybersecurity to do business
Fraud exists and we cannot deny it. It is a reality we have to learn to live with, and once we accept that, we become cyber-resilient organizations.
Just as we think of airbags in vehicles as a safety measure to protect your life and your family, applying cybersecurity is the way to protect people's assets and even their future.
Hardening your fintech reduces risks to business continuity, helps you earn your customers' trust, and opens the doors of commercial partners more easily compared to your competitors.
Let's look at some examples:
- Running an application certification process based on penetration testing — also known as "pentesting" or "ethical hacking" — is the type of review commonly used to ensure web or mobile applications cannot be abused by criminals.
- Having policies, standards, and procedures aligned with respected industry frameworks such as SOC 2, PCI-DSS, and ISO 27001 is another common requirement banks ask of their commercial partners.
- Running security awareness training together with proactive validation exercises such as Red Team campaigns helps simulate what would happen during a real attack.
- Running periodic reviews can generate a significant number of issues to resolve (risks), and without a proper vulnerability management process it can snowball into something hard to control.
- Fintechs in particular are agile companies that need agile solutions to problems, and there are automation trends such as DevSecOps that help reduce costs by automating security reviews.
Traditional consulting models tend to be slow and complicated because they involve manually managed processes. Fintechs and startups in general should look for more agile solutions that let them meet every requirement as quickly and simply as possible. Companies like WhiteJaguars offer services built precisely for these scenarios, from penetration testing, to automated vulnerability management powered by platforms built for DevSecOps and much more.
WhiteJaguars is a cybersecurity company that understands fintech
Many companies across the US, UK, and Canada already use WhiteJaguars' services to meet regulations and commercial agreements quickly and easily.
Our fintech security services
We protect fintechs and financial technology companies that handle payments, financial data, and sensitive APIs. Working to standards such as PCI-DSS, SOC 2, and ISO 27001, we secure their platforms so they can operate with confidence and meet the demands of banks and regulators.
Fintechs face digital financial fraud, regulatory pressure, and constantly evolving threats. We secure integrations with banks, prevent fraud, and validate the controls commercial partners require under frameworks like GLBA and the UK GDPR, accelerating a fintech's onboarding into the financial ecosystem.
SOC 2 Type II audits, PCI-DSS assessments, and GDPR gap analyses require documented evidence of security controls. WhiteJaguars produces testing reports accepted as technical evidence for these audits, helping fintech teams satisfy regulators and close commercial agreements with banking partners without delays or last-minute surprises.