Securing the Financial Frontier: Compliance and Regulation in the Finance Industry
As regulatory pressure intensifies across the financial and insurance sectors, managing identities and access is not only an IT concern, but a board-level responsibility. From increased scrutiny on third-party relationships to the evolving role of non-human identities (NHI), a fortified identity infrastructure is a critical pillar of risk management, compliance, and operational resilience.
Are you a CISO, Compliance Leader, or perhaps a Risk Stakeholder, working to align security programs with the evolving regulatory landscape and security threats?
CyberIAM has got you covered.
Over the coming weeks, we’ll unpack three key identity-related risks that demand urgent attention:
1. Third-Party Identities: The Expanding Attack Surface
As financial organisations increase reliance on vendors, partners, and contractors, third-party access is an increasingly growing compliance and security risk. Even something as simple as increasing the number of individuals who have access within an organisation poses a threat. We'll explore how best to navigate these employee and non-employee identities safely, without compromising your cybersecurity infrastructure and allowing you to meet the ever growing list of expectations.
2. Non-Human Identities (NHI)
As you may have seen in CSO Paul Dawson’s article ‘7 Reasons Why 2025 Could Be the Year of the NHI’, NHIs are certainly something that identity security specialists should care about as there are a lot more of them than us humans, they tend to be poorly managed, and they often have highly privileged access. One of our partners, CyberArk, published an astonishing statistic on this:
"For every human identity (user) within an organisation, there are at least 80 Non-Human Identities at play! "
As well as open audit findings attached to NHI access, NHIs are indeed stated as part of the broader IAM requirements within the Financial Conduct Authority (FCA) and the European Union’s Digital Operational Resilience Act (DORA), so it is important to address NHIs in order to remain compliant, and we want you to know exactly how to do this.
3. Identity Infrastructure Maturity: Where Is Your Organisation on Your Identity Journey?
Most organisations in the Finance industry already have some level of identity infrastructure in place but perhaps aren’t clear on how to improve and maximise on that. Would you categorise your maturity as beginner, intermediate or advanced? It is vital that you understand the current state of your identity infrastructure in order to assess shortcomings and bridge those gaps, fortifying your perimeter as much as possible.
That is why we will be hosting a webinar this Summer, to equip your organisation to start thinking about what comes next for you and show you how we can take you from intermediate identity maturity to advanced. Our aim is to improve your identity security posture and guide you to stay ahead of the rising security concerns around this massive AI revolution we are experiencing, and ever-evolving regulatory requirements.
In the meantime, why not check out our Current State Assessment brochure? Get in touch with our team now who will help you to understand your current state, identify pitfalls, and provide top recommendations.
Whether you're under pressure to strengthen compliance reporting, prepare for your next audit, or reduce access-related risk across the enterprise, this upcoming series is for you.
Get in touch
If you would like more information about CyberIAM’s Services offering, contact us here and a member of our specialised team will be in touch as soon as possible
Current State Assessment guide
Access our comprehensive current state assessment guide to discover how we initiate our end-to-end analysis, setting the foundation for providing you with the best possible advice.