Secure Web Technologies for Financial Institutions

Secure web technologies are protective mechanisms that protect organizations, networks, devices, and users from cybercriminals. Security on the web is essential for business continuity since it is the most prevalent source of malware attacks around the world, and a major reason behind data breaches.

As a result, securing web-based technologies requires constant monitoring to stay ahead of the most recent threats. With new security standards becoming more popular and watchdogs such as Google’s Project Zero raising the bar for software developers, financial institutions will benefit from a priority for frequent updates.

Finance companies can secure sensitive data and minimize risk by using the appropriate tools, processes, and training. HTTPS for instance, encrypts the traffic between the browser and the server and ensures that user credentials remain private. This is a requirement for any website which collects personal information such as payment details, login credentials. Even websites that do not collect customer details will benefit from SSL. There are a variety of SSL certificates, from domain validated to certificates with extended validation.

Another crucial security measure is to make sure that all websites are up-to-date. Unpatched vulnerabilities can be valuable clues for hackers and can be exploited to gain unauthorised access. In the ideal scenario, these vulnerabilities must be proactively addressed by adhering to best practices and scanning for known vulnerabilities using virtual patching solutions.

A secure web portal (SWG) protects a business from malware threats, and enforces security policy on employee-generated web and internet activity. Next-generation SWGs block malicious software and malware at the application level, not the network or packet level. This method is more effective than firewalls and cloud access security brokers (CASBs) which rely on stream-based antivirus scanning and may not detect sophisticated attacks.