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Banking, Financial Services, and Insurance

Secure Financial Data With Advanced Vulnerability Detection

Banking, Financial Services, and Insurance
Mobile app security for BFSI

Industry Overview - Need for Enhanced Security

The Banking, Financial Services, and Insurance (BFSI) sector holds a significant position in the global economy, with a high penetration rate of over 80% of the adult population having a bank account. 

The industry is undergoing a digital transformation, marked by a growing trend towards digital banking, mobile banking, and online insurance, with a projected compound annual growth rate (CAGR) of 9.72% from 2020 to 2026.

What Can Happen if You Neglect
Cybersecurity in the BFSI Industry

01

Information Security Breaches

Hackers may steal private customers' information, including bank account numbers, PII, and details of delicate financial transactions.

02

Financial Loss

Cybercriminals can steal funds directly from bank accounts, resulting in financial losses for customers and the company.

03

Reputation Damage

A cyberattack on the BFSI sector may cause customers to lose faith in the company, seriously harming the business's reputation.

04

Legal Liabilities

The BFSI sector is subject to strict regulations, and a cyber attack can result in non-compliance with regulations, leading to financial and legal penalties.

05

Business Disruption

Cyber attacks can disrupt the normal functioning of the BFSI sector, leading to downtime and loss of business.

With Appknox,

app security report

Get a Complete Picture of Your App’s Security - Quick and Effortless.

The Appknox dashboard provides user - friendly and efficient scanning that generates concise reports in little to no time - just a few clicks away!

  • Automated Scan in 60 min
  • Reports with CVSS score in a Few Clicks
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Get Solutions Deployed at Your Convenience

Appknox provides businesses with the hassle-free flexibility to choose the best deployment option for their needs. 

  • On-premise
  • Cloud Deployment
Speak to Security Expert
best on premise deployment
VA PT for app security

Cover All Grounds for App Security

Adopt a holistic approach to securing your applications by combining the speed of automated solutions with the expertise of highly trained security experts.

  • Automated Solutions
  • Manual Pentesting
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How We Transformed BFSI Security Outcomes
with Our Solutions

01

Secured Data & Reputation

Prevented data breaches and theft, ensuring the confidentiality of sensitive information. Increased customer confidence and loyalty by improving trust.

02

Financial Stability

Reduced the risk of unauthorized access to funds, protecting against financial losses.

03

Compliance with Regulations

Ensured compliance with strict regulations such as PCI DSS, GDPR, & SOX and avoids penalties.

04

Business Continuity

By preventing cyber-attacks and related disruptions, the BFSI sector customers could ensure the continuity of its operations and maintain business as usual.

05

Innovation & Growth

Created a secure digital environment that supports the development of new digital products and services, leading to increased competitiveness.

Vector(9)

Gartner Review | BFSI

“Appknox has got a very good turnaround time, and their security coverage caters to banking use cases. The product is compliant with banking norms. It is the perfect product for banking apps, with great API, Dynamic & Static capabilities.”

Our Clients Love Our Work, and Expert Reviews
Testify to That!

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appknox security

Get Started With Appknox Today. Take Control of Your Mobile App Security Before It Turns Into a Business Threat.

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Featured Resources

How Leading Banks in South East Asia Leverage Appknox for Mobile Security
How Leading Banks in South East Asia Leverage Appknox for Mobile Security
Mobile application security has been critical in the financial sector for a while now, especially since the explosion of mobile banking apps