CYBERSECURITY
FOR FINANCIAL INSTITUTIONS
Cybersecurity Services for:
Boards
Management
About Us
Contact Us
210 S. Old Woodward ave, Birmingham, MI 48009
Cyber Techs for Financial Institutions
In the digital age, every financial entity, regardless of size, is a potential target for cyber threats that can undermine stability and erode customer trust. Nevertheless, the financial backbone of our communities should not have to compromise on cybersecurity due to budget constraints or a scarcity of qualified resources. Financial institutions are required to have cybersecurity technical expertise on their boards and as part of their management teams. Many local institutions, such as community banks and credit unions, cannot afford a full-time cybersecurity professional.
This is where FinCyberTech steps in. We provide the expertise of seasoned cybersecurity professionals and packaged cyber solutions without the overhead associated with full-time executive positions. Leveraging a wealth of industry experience, our Cyber Techs work closely with your institution to implement robust cybersecurity strategies and foster a culture of cybersecurity awareness. They ensure that your cybersecurity measures evolve in tandem with the changing threat landscape, safeguarding your institution's assets, reputation, and trust.
By choosing FinCyberTech, you gain access to a team of technical experts dedicated to your cybersecurity needs, allowing you to focus on your core mission of providing financial services. Our scalable solutions ensure that as your institution grows, your cybersecurity posture strengthens, keeping you always steps ahead of potential threats.
FinCyberTech is solely focused on the financial services industry,
allowing for solutions that are custom and unique to your organization.
Our Cyber Techs
Raj Patel
Partner
Raj has 27 years of experience in cybersecurity working with over 200 community banks and credit unions.
Awards
“40 under 40" & “American Dreams Award” by Crain’s Detroit Business.
Prior Experience
- SensCy, Chief Growth Officer (Aug 2022 - Dec 2023)
- Plante Moran, Partner & Cybersecurity Practice Leader (Jan 2002 - June 2022)
- KPMG, Senior Manager (May 1996 - Dec 2001)
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Partner
FinCyberTech advantage
FINANCIAL INSTITUTIONS FOCUS
We offer expert guidance to financial institution boards, providing them with the insights needed to navigate the complex cybersecurity landscape effectively. Additionally, our cybersecurity officer services extend to management, equipping them with the strategies and tools necessary to safeguard their operations against evolving cyber threats. This dual approach ensures that both the strategic and operational levels of your organization are fortified against potential security breaches.
years of experience
With 25 years of experience in cybersecurity, we have established ourselves as trusted experts in providing Cybersecurity Officer services to financial institutions. Our in-depth understanding of the cybersecurity landscape and our commitment to innovative solutions ensure that our clients can operate securely amid an increasingly complex digital world and evolving cyber threats.
tECHNICAL expertise
Our team has worked with over 200 financial institutions, addressing a variety of cybersecurity and related compliance requirements. Our deep skills and innovative approaches have established us as the go-to experts for institutions seeking robust protection against cyber threats.
Cybersecurity Board Services
Our Cybersecurity Board services commence with a detailed initial phase aimed at gaining a comprehensive understanding of your institution's specific cybersecurity threats and the existing measures in place to mitigate them. In addition to this, we carefully consider your regulatory compliance requirements and any legal or contractual obligations. We utilize both the FFIEC’s Cybersecurity Assessment Tools (CAT) and the NIST Cybersecurity Framework 2.0 to build a platform that streamlines this process efficiently. For instance, take a look at our Inherent Risk Profile assessment to see how we apply these tools in practice.
We will cover the following areas:
- Inherent Risk Profile
- Infrastructure Resilience
- Controls Maturity Assessment
- Cyber Threat Assessment
- Cyber Tools & Solutions
- Cyber Insurance Review
- Review of Prior Audit Reports
We present our findings through clear and accessible PowerBI dashboards, ensuring that our results are easy to view and understand.
We will conclude our engagement with a Board presentation covering the following topics:
- Current state of Bank’s cybersecurity program.
- Detailed cybersecurity recommendations & strategic roadmap.
- Cybersecurity education tailored specific to your Board to ensure understanding and informed decision-making. Cybersecurity Education.
- Outline of next steps and follow-up actions to maintain and/or enhance the Institution’s cybersecurity program.
Pricing per board meeting
One Board Meeting Annually
Multiple Board Meeting in one Fiscal Year
Under $250 Million
$2,500
(in assets)
$2,000
Under $500 Million
$3,500
(in assets)
$3,000
Under $750 Million
$4,500
(in assets)
$4,000
Under $1 Billion
$5,500
(in assets)
$5,000
Note: Prices listed above might vary based on service selected.
CYBERSECURITY OFFICER SERVICES
FIN.CYBER.TECH
Risk Profile
- Inherent Risk Profile
- Infrastructure Resilience
- Controls Maturity Assessment
- Cyber Threat Assessment
- Cyber Tools & Solutions
- Cyber Insurance Review
- Review of Prior Audit Reports
* Based on FFIEC Cybersecurity
Assessment Tool (CAT) framework
Cybersecurity Program Mangement
- Governance of Cybersecurity Program
- Security Culture
- Responsibility & Accountability
- Resouces
- Cybersecurity Program
- Risk Identification
- Risk Measurement
- Risk Mitigation
- Risk Monitoring and Reporting
- Security Operations
- Cybersecurity Program Effectiveness
Controls
- Policies, Standards and Practices
- Technology Design/Resiliency
- Inventory and Classification of Assets
- Interconnectivity Controls
- User Security Controls
- Logical Security
- Physical Security
- Network Controls
- Change Management
- End-of-Life Management
- Malware Mitigation
- Supply Chain / 3rd Party Risk Management
- Customer Remote Access
- Application Security
- Database Security
- Encryption
- Business Continuity
- Threat Monitoring
- Incident Response
Reporting
- Monthly Cyber Scorecard / Dashboard
- Quarterly Board Reports
- Third Party Risk Reports
- Cyber Tools / Solutions
- Incident Response Tabletop Exercises
- BCP Test Results
- Liaison for regulatory, internal and other audits/examinations
Pricing is based on services provided, size of financial institution and inherent risk profile.
Contact Our
Cyber Techs Today
Raj Patel, CISM, CISA, CRISC, FCCA (UK)
Tel. (248) 935-0329
Email: raj@fincybertech.com
Main Office
210 S. Old Woodward Ave, Suite 240
Birmingham, MI 48009