What does our support for compliance with Information Security regulations for Fintech include?
The rapid growth of technology-driven financial service providers (Fintech) in Spain has created major challenges for organizations,
banking institutions, and their users. This growth also increases the risk of cyberattacks due to the sensitive nature of the data these companies handle.
As a result, regulatory and governmental bodies require Fintech companies to comply with strict measures related to the protection of user data and assets. One of the most critical requirements is cybersecurity.
Some of the regulations and controls that Fintech companies must comply with include:
- The Payment Services Law, which regulates the activities of entities providing electronic payment services, such as Fintech companies.
- Data protection regulations: Fintech companies must comply with the General Data Protection Regulation (GDPR), which protects personal data within the European Union.
- The NIS Directive, which establishes measures to ensure a common level of security for network and information systems across the European Union, affecting operators of essential services and digital service providers, including Fintech companies.
- The TIBER-EU cybersecurity testing framework, adopted by the Bank of Spain for the Spanish financial sector, allowing financial institutions to voluntarily undergo advanced cybersecurity testing to strengthen their cyber resilience.
- Additionally, it is highly recommended that Fintech companies obtain ISO 27001 certification, which defines the requirements for implementing an Information Security Management System (ISMS) and provides security assurance to customers.
For these reasons, it is more important than ever for Fintech companies in Spain to implement solid, resilient, and continuously updated cybersecurity measures. A strong security program can help protect your organization against a wide range of threats, including:
- Data breaches: Attackers may steal sensitive company data, which could be used for fraud or identity theft.
- Malware attacks: Malware can damage your systems or compromise sensitive information.
- DDoS attacks: Distributed Denial of Service attacks can disrupt your online services, preventing customers from accessing them.
How can KLBRS support your company?
At KLBRS, we have the experience, advanced knowledge, and strategic vision required to support Fintech companies in Information Security matters. We understand that every organization has unique needs. Our team of Information Security professionals has supported Fintech companies across different regions of the world by thoroughly analyzing each organization’s context and implementing tailored security programs that address their specific requirements. We offer a wide range of cybersecurity services for Fintech companies in Spain, including:
- Penetration Testing (PenTest) to assess the current state of your organization’s information security.
- Source code review to provide a deeper understanding of the security posture of your developments, following industry best practices.
- Training and awareness services to educate Fintech staff on cybersecurity best practices and prevent human error.
We understand that cybersecurity is a critical matter for Fintech companies in Spain. That is why we deliver our services with a strong commitment to quality, confidentiality, and compliance, offering one of the best value-to-cost ratios in the market. contact us today and request a no-obligation quote.
