A healthy financial sector is essential for economic stability and security. Cybersecurity frameworks can help banks and the financial services industry achieve compliance with relevant financial regulations and, more importantly, establish strong security practices to better protect https://www.upguard.com/blog/sensitive-data from https://www.upguard.com/blog/phishing, hackers, https://www.upguard.com/blog/ransomware, and other https://www.upguard.com/blog/biggest-cyber-threats-for-financial-services.
Some of the most popular cybersecurity frameworks are the following: https://www.upguard.com/blog/nist-cybersecurity-framework) https://www.upguard.com/blog/hecvat https://www.upguard.com/blog/what-is-iso-27001 https://www.upguard.com/blog/cobit https://www.upguard.com/blog/regulation-vs-cyber-framework>Top Cybersecurity Frameworks for Financial Institutions
The OWASP Application Security Verification Standard (https://www.upguard.com/blog/owasp-top-ten) cybersecurity framework facilitates the testing of web application technical security controls and standardizes web application security.
Its aim is to establish a cybersecurity framework that organizations can align with their risk management frameworks.