Nowadays, the internet has become an alternative universe where individuals and companies can interact, trade, and mutually benefit. However, alongside the opportunities it offers, there is also a dark side: malicious actors looking to exploit vulnerabilities in systems for personal gain at the expense of others.

That is why at Mitsoftware, we understand the importance of cybersecurity and offer a comprehensive service designed for your safety and well-being. Our goal is to provide consulting, coaching, and implementation of solutions tailored to the needs of your company, ensuring the protection of your critical information.

Cybersecurity within FinTech

The growing world of FinTech (financial technologies) greatly benefits from internet connectivity, allowing direct interactions with assets in various banking entities. This access simplifies operations such as payments, transfers, and obtaining loans. However, this same connectivity is subject to cyberattacks, where individuals constantly seek vulnerabilities in digital systems to exploit or hinder the operations of financial entities.

According to IBM, cyberattacks are on the rise, which severely questions the security of financial institutions. Being privileged targets for cyber criminals, banks require robust defenses to protect their customers' information. In this context, it becomes essential to seek cybersecurity providers that ensure the protection of data and assets.

With digital transformation in the cloud, financial institutions can not only gain agility but also strengthen their defense against cyber risks. Cybersecurity tools not only protect data and assets but also stabilize banking regulations and compliance programs.

To establish effective cybersecurity, it is crucial to implement appropriate controls and policies, as well as having tools specifically designed by experts in the field. Information security must be a priority in all areas of the company, ensuring a solid posture that allows for the detection and response to cyber threats, while complying with relevant regulations.

Strategies to Establish Cybersecurity in FinTech

Some key strategies to strengthen cybersecurity in the FinTech sector include:

• Beta Testing: Implementing beta versions of servers and tools can help identify potential vulnerabilities before the platform is used by end-users.

• Identification and Authentication Systems: An advanced identification system is crucial. It should require user verification and authenticate them through personalized passwords, restricting access to critical areas that are susceptible to attacks.

• Encrypted Data: Having encryption systems, such as AES (Advanced Encryption Standard), ensures that sensitive customer information is protected against leaks or cloning.

• System to Block Suspicious Payments: It is essential to have mechanisms that restrict unusual activities or payments of suspicious amounts.

• Limit Information Storage: A protocol should be established regarding which information is critical for transactions, keeping the most sensitive data protected in highly secure systems.

Prevention and Security Culture

At Mitsoftware, we not only provide mechanisms for prevention and response to cyberattacks, but we also focus on fostering a culture of IT security. We believe that proper employee awareness about cyber threats is fundamental to creating a secure business environment. We train your team in security practices that can significantly minimize risks.

A Secure Environment for Your Information

Cybersecurity is defined as the practice of protecting our systems, networks, and programs from malicious attacks. In this sense, Mitsoftware is committed to creating a secure environment for the information you store. We ensure that your data is available, accessible, and, most importantly, secure.

While it is important to back up data, Mitsoftware goes a step further by offering high-security installations for safeguarding sensitive information that cannot be stored in the cloud, where it is more exposed to cyberattacks. Our solutions also include backups on physical media such as DVDs, tapes, and hard drives.

The Last Line of Defense in Cybersecurity

In circumstances where the first line of defense may fail, Mitsoftware positions itself as your last line of defense. Our team is prepared to repel cyberattacks and ensure that your backups function as an essential complement to your backup solution. We make sure you always have a viable plan B ready to activate in case an incident occurs.

Avoid Situations That Put Your Company at Risk

With the help of Mitsoftware, you can prevent multiple risks that threaten your organization’s cybersecurity:

• Avoid Risks: Do not expose your files on insecure media.
• Protect Your Image: The trust of your customers is invaluable; preserving the security of their data is fundamental to maintaining your reputation.
• Avoid Penalties: Many countries impose penalties on companies that suffer security breaches and are responsible for protecting their users' data.
• Comply with Regulations: New European regulations require the ability to quickly restore the availability and access to personal data after any incident.

How Does Mitsoftware Work?

A core part of our cybersecurity services is the recommendation to implement a backup or site recovery system as a contingency plan against cyberattacks. This component is essential for any modern organization.

Our team of experts will analyze your infrastructure and budget to define the most suitable solutions for you. We provide backup and disaster recovery solutions that encompass all operational environments. In emergency situations, our backups allow for the environment to be restored to its normal state quickly and efficiently.

Additionally, we guarantee the integrity of your systems through the use of robust encryption and protection measures designed to mitigate the impact of malware on your files.