Modern Vulnerability Management for Financial Institutions

To stay competitive and retain customers, financial organizations like yours must constantly evolve business models and expand their digital presence. This means more endpoints and applications that increase client accessibility, but also must be effectively secured.

Add to that increasing regulatory mandates and decreasing budgets, and you have an industry that faces a fair amount of challenges. Fortunately, modern security solutions are available to help manage your expanding attack surfaces, optimize resources, and you’re your Security and Compliance teams more efficient and effective – without breaking the bank.

Stop Cyberattacks that Target the Financial Sector

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The financial sector is highly targeted by cyber attackers, who use ransomware, phishing, DDOS, and other methods to get their hands on sensitive customer data. 

Banks, credit unions and financial services organizations are all given a high level of trust by their patrons, who hand over sensitive data and expect it to be safe. Any successful cyberattack not only costs the organization money, it can erode, if not destroy, customer trust in an instant. 

Average cost of a data breach in the financial industry: $5.9m - Statista

With such an important dynamic at stake, it’s crucial that financial institutions take all precautions to ensure their client data is protected. That means finding a fast, frictionless path to identifying and remediating the vulnerabilities that put your organization at risk. Fortra Vulnerability Manager (Fortra VM) uses proprietary technology to provide personalized risk-based prioritization, so your team can be sure to focus on your high-risk weaknesses and accelerate time-to remediation.

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Streamline Compliance Efforts

Fortra VM is tailor made to meet the needs of banks, credit unions, and financial service organizations

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Fortra VM Threat Scan dashboard
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Whether its GLBA, FFIEC, SOX, DORA, NCUA or PCI, financial institutions must meet security mandates efficiently and effectively. Security assessments have to be performed regularly and teams need to demonstrate their security and compliance quickly and easily. 

Fortra VM provides customizable reporting capabilities that make it easy for your teams to track and report on security posture—clearly, accurately, and on-demand. First created in 1999 specifically for the financial industry, Fortra VM is tailor made to meet the needs of banks, credit unions, and financial service organizations. Our highly rated customer support team is fluent in PCI and other relevant compliances and understands the unique security needs of the financial industry. 

Read the Use Case

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Learn how a leading financial institution uses Fortra VM to manage risk during digital transformation 

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Types of Vulnerabilities

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With critical vulnerabilities taking an average of more than 100 days to remediate, your security team must be able to quickly assess and accurately prioritize security weaknesses. Often high-risk weaknesses are known vulnerabilities, like unpatched software or configurations errors, that have been overlooked for one reason or another. 

Some of the leading types of vulnerabilities found in financial organizations today include:

Easily guessable credentials

Poorly configured SSL/TLS

Passwordless printers

Unsecured Remote Access

Unpatched, known vulnerabilities

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Many of these are subject to Remote Code Execution and RDP exploitation, Man-in-the-Middle attacks, or Denial of Service.

These types of weaknesses are frequently found in peer organizations, and likely exist in your own as well. The Insights feature in Fortra VM shows you information from similar institutions in the financial sector, so you can learn about commonly found vulnerabilities in your industry, the security posture of peer organizations, and see how you stack up by comparison.  

Customer Reviews of Fortra VM

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G2 Leader 2024
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G2 badge highest user adoption summer 2024

The system is very user friendly

What do you like best about Fortra VM?

"The reporting, graphs, and charts are beneficial in portraying how our organization looks to the non-technical executives we have on our team."

Verified Mid-Market User in Banking

Schedule a Custom Demo Today

Let our security experts show you how Fortra VM can simplify and streamline your security and compliance efforts.

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