How your bank can advance its culture of security with digital trust

HOW YOUR BANK
CAN ADVANCE ITS
CULTURE OF SECURITY
WITH DIGITAL TRUST

PROTECTING CUSTOMERS AND DATA IN A
HYPERCONNECTED WORLD

Consumers expect more from online banking services, seeking convenience in tasks like opening accounts, payments, transfers, and loan applications.

Yet, digital banking’s accessibility also brings heightened cybersecurity risks. Your bank must not only provide delightful digital experiences but also ensure customer data security while complying with GDPR, PCI DSS, KYC, and AML, combat phishing attacks that expose data, compromise credentials, and erode brand trust, prevent service all while preparing for the looming advent of post-quantum computing.

To address this increased risk, many cybersecurity leaders in forward-thinking banks turn to digital trust as a way to improve security posture, reduce IT complexity, and increase crypto-agility.

Aerial view of crowd people connected by lines, social media and

IMPROVE SECURITY POSTURE AND STREAMLINE IT COMPLEXITY

As the leader in Digital Trust, DigiCert delivers proven solutions that help modern
banks strengthen security amidst rising threats while centralizing digital trust
initiatives
to protect customers, employees, and data as financial transactions shift to
online services.

internet security and digital data protection concept, cybersecurity online, cyber security and blockchain concept

PREVENT OUTAGES AND
SECURITY BREACHES

Mitigating Risk

Increasingly sophisticated attacks put your sensitive customer and company data at risk. When data falls into the wrong hands, companies lose money - and customers
lose trust.

 

How your bank can advance its culture of security with digital trust

Problem

In today's hyperconnected world, service outages and data breaches threaten businesses. Economic impact is just one concern—47% of consumers sever ties with companies that lose their trust (2022 DigiCert survey). Unforeseen digital certificate expirations lead to costly downtime and heightened vulnerability to exploitations. BCG states financial institutions must prioritize security as they're 300 times more susceptible to cyberattacks.

How your bank can advance its culture of security with digital trust

Solution

Reduce the risk of outages and breaches by centralizing visibility and control of your digital certificates. Certificate lifecycle management grants visibility into certificate inventory while streamlining corporate policy governance. Embrace automation for monitoring, inspecting, reissuing, revoking, renewing, and procuring new certificates across your environment, all from on platform while minimizing overhead and human errors with DigiCert Trust Lifecycle Manager.

How your bank can advance its culture of security with digital trust

Result

With a centralized and automated approach to certificate management, you reduce the risk of outages and breaches resulting from certificate expiration while shedding the burdensome overhead of manual certificate lifecycle management. Centralized approaches to certificate management grant you an all-encompassing view of your company’s certificate inventory while ensuring the consistent application of corporate security policy throughout your organization.

Man hand holding credit card and using laptop at home, Businessm

PROTECT BRAND AND CREDENTIALS

Delivering Security with Frictionless User Experiences

Your customers expect frictionless digital banking experiences. Building security into every interaction, while ensuring a great digital experience, is the key to ensuring that both your customers and data are protected.
 

 

How your bank can advance its culture of security with digital trust

Problem

Bad actors wield tools like generative AI to launch increasingly convincing bank impersonation attacks in an ever-evolving landscape of cyber threats. They employ sophisticated phishing, email, or phone schemes to lure unsuspecting customers and employees into interactions that jeopardize compromising identities or accounts. According to Verizon's Data Breach Investigations Report, over 85% of web application breaches stem from stolen credentials.

How your bank can advance its culture of security with digital trust

Solution

You can employ mechanisms to reduce breaches caused by stolen personal data or credentials. To safeguard against phishing, adopt email security controls like verified mark certificates (VMCs) to embed a verified corporate logo, distinguishing credible emails from phishing attempts. Further protect credentials by using certificate-mediated authentication instead of passwords, strengthening security against data breaches caused by credential theft.

How your bank can advance its culture of security with digital trust

Result

Transaction-level measures play a vital role in fostering your organization's culture of culture. Stand out from competitors by effectively empowering customers to identify and thwart phishing attempts. Strengthen internal authentication methods to ensure the utmost security of sensitive customer data. Such efforts will solidify your reputation as a highly trusted and secure bank within the industry.

quantum computer

PREPARE NOW FOR A PQC FUTURE

Futureproofing Security Infrastructure

The advent of quantum computing requires your bank to consider now how to keep business and customer data secure and seamlessly update cryptographic assets to quantum-resistant algorithms. Leading banks are already strategizing to protect against “steal now, decrypt later” hackers.
 
 
 
How your bank can advance its culture of security with digital trust

Problem

The emergence of quantum computers poses a serious threat to current encryption methods. Quantum computers will be able to decrypt a vast majority of current encryption, meaning critical data can easily fall into the wrong hands. Although quantum computing is still on the horizon, it will take banks time to build crypto-agility into their cybersecurity infrastructure.

How your bank can advance its culture of security with digital trust

Solution

Every financial institution needs a robust plan for post-quantum cryptography to protect themselves and their customers. DigiCert works closely with NIST and regulatory bodies to build policies for managing post-quantum cryptography. We’re committed to bringing that knowledge to our customers. You can take the first step in preparing for a PQC future by creating a centralized inventory of cryptographic assets with
DigiCert® Trust Lifecycle Manager.

How your bank can advance its culture of security with digital trust

Result

Making preparations for a PQC future a top security priority positions you to establish the necessary policies and structures to weather this dramatic shift while maintaining the level of digital trust your customers and partners demand. Moreover, this proactive stance empowers you to adopt new standards and safeguard a seamless user experience free from disruption more easily.

STREAMLINE COMPLEXITY WHILE BUILDING A CULTURE OF SECURITY

Whether it’s time to centralize and automate certificate management, assess
vulnerabilities, or prepare for a PQC future, DigiCert offers the solutions and expertise to
help you stay ahead of risk. Talk to an expert today.

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