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Cybersecurity Testing for a Large Gulf-Based Retail Bank

Our client is a leading retail bank in the Gulf region, offering a wide range of banking services to a substantial client base.

Challenges

  • Difficulties adhering to strict regulations governing financial institutions, which require regular security assessments.
  • Inability to manage the threat of cyber attacks.
  • Consistently protecting the security of internet banking, mobile banking, mPOS services, QR code payments, and social network communications.

Implementation

  • Assessed online & mobile banking platforms to identify potential threats including unauthorized access, data breaches, & transaction manipulation.
  • Scanned and tested web apps, email servers, network gateways, databases.
  • Evaluated the security of merchant services and QR code payment systems, focusing on potential vulnerabilities in payment processing and data transmission.
  • Delivered a comprehensive report with actionable remediation strategies.

Results

  • Resolved 150 critical vulnerabilities, achieving an 85% reduction in security risks.
  • Enhanced digital channel security, reducing incidents by 40%
  • Improved incident response times by 30%.
  • Achieved regulatory compliance, lowering potential penalties by 50%.
  • Trained 1,000+ employees, resulting in a 25% decrease in phishing success.

Tech Stack