Banking & Financial Services

Cybersecurity For
Banks, Credit Unions,
and Fintechs.

Armour Cybersecurity helps banks, credit unions, wealth managers, capital markets firms, and fintechs operate under intense regulatory scrutiny while defending against the most active threat actors in cyber. From OSFI cyber risk expectations to PCI DSS to FINTRAC, we deliver the controls, evidence, and leadership financial institutions need.

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OSFI
B-13 Aligned
PCI DSS
Certified Testing
SOC 2
Audit Ready
FINTRAC
AML Aware
The Banking Reality

Banking & Financial Services Face
A Cybersecurity Environment Unlike Any Other

Industry-specific pressures shape how cyber risk shows up. Generic security programmes miss what matters most in banking.

Common Challenges
⚠Regulators expecting maturity that takes years to build
⚠Threat actors targeting payment systems, customer data, and authentication
⚠Audit cycles consuming security team capacity year-round
⚠Third-party and fintech partner risk multiplying attack surface
⚠Insider threats and credential reuse on banking platforms
⚠Board demanding cyber-risk reporting in business terms
How Armour Cybersecurity Helps
✓OSFI B-13 and SOC 2 readiness with documented evidence
✓Penetration testing aligned to financial-sector threat models
✓Continuous audit-ready evidence across the security programme
✓Vendor and fintech privacy and security oversight
✓Credential exposure monitoring and dark-web intelligence
✓Board-ready cybersecurity reporting from a vCISO
Threat Landscape

Common Threats Facing
Banking & Financial Services

The cyber threats most active against banking organizations today. Each shapes the controls and services we recommend.

Threat 01

Payment Fraud & ATO

Account takeover, ATM cashout, wire fraud, and business email compromise targeting payment infrastructure and authorization workflows.

Threat 02

Credential Stuffing

Reuse of customer credentials from third-party breaches against retail banking, brokerage, and mobile platforms.

Threat 03

Ransomware on Core Systems

Attacks targeting core banking, brokerage, and trading systems, often via third-party software or remote access.

Threat 04

Insider & Privileged Misuse

Misuse of privileged access to customer data, payment systems, or sensitive trading information.

Threat 05

Brand & Phishing Abuse

Lookalike domains, fake banking portals, and executive impersonation targeting customers and counterparties.

Threat 06

Third-Party & Fintech Risk

Compromise via vendors, fintech partners, payment processors, or API integrations connected to your environment.

Regulatory Landscape

Frameworks and Regulations
That Apply to Banking & Financial Services

The frameworks, regulations, and standards we align engagements to. Coverage extends to other applicable requirements based on your specific operations.

Canada · Federal

OSFI B-13

Office of the Superintendent of Financial Institutions Guideline B-13: Technology and Cyber Risk Management. Mandatory for federally regulated financial institutions.

Payments · Global

PCI DSS

Payment Card Industry Data Security Standard. Required for any entity that stores, processes, or transmits cardholder data.

AML · Canada

FINTRAC

Financial Transactions and Reports Analysis Centre of Canada. AML and counter-terrorism financing reporting obligations.

Audit · Global

SOC 2 & ISO 27001

Service Organization Control and ISO 27001 certifications required by enterprise counterparties and audit committees.

Recommended Services

Cybersecurity Services
Most Relevant for Banking & Financial Services

From our service catalog, these engagements typically deliver the most value for banking organizations. Engagements scale to your size, risk profile, and budget.

Service 01

vCISO

Senior cybersecurity leadership for OSFI and board reporting, threat-risk assessment, and security strategy execution without a full-time hire.

Learn About vCISO →
Service 02

Compliance Audit

SOC 2, ISO 27001, PCI DSS, and OSFI B-13 readiness with evidence-first methodology and audit-cycle execution.

Learn About Compliance Audit →
Service 03

Penetration Testing

Application, network, infrastructure, and red team testing aligned to financial-sector threat models and PCI DSS testing requirements.

Learn About Penetration Testing →
Service 04

Cyber Threat Intelligence

Credential exposure, brand abuse, dark web monitoring, and executive exposure tracking purpose-built for financial brands.

Learn About Cyber Threat Intelligence →
Service 05

Privacy Risk Management

PIPEDA, Quebec Law 25, and GDPR programmes addressing customer data, cross-border transfers, and vendor privacy oversight.

Learn About Privacy Risk Management →
Service 06

Armour 360

For smaller credit unions, fintechs, and advisory firms: managed cybersecurity covering endpoint, email, monitoring, and incident response.

Learn About Armour 360 →

Protecting What Matters.

Industry-aware cybersecurity, sized to your organization. Book a consultation to scope the right starting point for your banking programme.

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Common Questions

Frequently Asked Questions
From Banking & Financial Services

What is OSFI B-13 and does it apply to us?+
OSFI Guideline B-13 sets expectations for Technology and Cyber Risk Management at federally regulated financial institutions in Canada, including banks, insurance companies, and trust and loan companies. If your organization is federally regulated, B-13 expectations apply. Armour Cybersecurity helps clients align governance, risk management, third-party oversight, incident response, and resilience practices with B-13 requirements.
Do you handle PCI DSS testing and readiness?+
Yes. Our penetration testing team includes resources experienced with PCI DSS Requirement 11 testing, including segmentation testing, application testing, and external and internal scans. We also support broader PCI DSS readiness through our Compliance Audit service: gap analysis against the 12 PCI DSS requirement domains, evidence collection, remediation roadmap, and audit support.
How do you support credit unions versus large banks?+
Smaller credit unions and community banks typically engage us through Armour 360 for managed cybersecurity coverage, complemented by a fractional vCISO for governance and OSFI alignment. Larger institutions engage us for specialist services: penetration testing, compliance readiness, threat intelligence, and privacy programs. Engagements scale to your organization.
Can you help with FINTRAC and AML technology controls?+
We support the cybersecurity and technology-control side of AML and FINTRAC compliance: access controls on AML platforms, audit logging, evidence of system integrity, third-party data feeds, and incident response involving suspect transaction systems. Legal interpretation of AML obligations and FINTRAC reporting itself remains with your compliance and legal teams.
We work with fintech partners and APIs. How do you address that risk?+
Fintech partners and API integrations introduce third-party risk that traditional security controls do not cover. Our Privacy Risk Management and vCISO services include vendor security and privacy oversight: due-diligence questionnaires, contract review, ongoing monitoring, and incident notification expectations. Penetration testing can also include API and integration testing scoped to your partner ecosystem.
How quickly can you start an engagement?+
A vCISO can begin engagement within 1 to 2 weeks. A Compliance Readiness Assessment or Penetration Test typically kicks off within 2 to 3 weeks of agreement execution. A CTI deployment is up and running in 2 to 4 weeks. Faster timelines are available for incident response or regulatory deadlines.
Do you have experience with capital markets and wealth managers?+
Yes. Our senior consultants have served capital markets firms, wealth managers, asset managers, and broker-dealers from prior roles at PwC, KPMG, Deloitte, EY, and Mandiant. Engagements typically cover SOC 2 and ISO 27001 readiness, penetration testing of trading and customer platforms, privacy compliance, and cyber risk reporting for boards and investment committees.
Book a Consultation

Cybersecurity Engagements
Begin With a Conversation.

Tell us about your organization, your priorities, and your timeline. We will recommend the right starting engagement for your cybersecurity programme.

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Headquarters
77 Bloor St West, Suite 600, Toronto ON