Banking & Finance

Link11

Banking & Finance

Banking and finance services are not only critical to everyday life. They are also extremely
sensitive to negative influences from outside, because disruptions within these sectors are directly noticeable to everyone.
Link11 offers sophisticated and proven security technologies to reliably protect the banking and financial services sector
around the clock, at every level.

Cyber resilience is a must

The banking & finance sector is
increasingly being targeted
by cyber criminals

Thanks to the widespread availability of online banking and online stock trading, the financial services sector has assumed an even more critical role. People are used to accessing their finances anytime and anywhere and conducting important transactions whenever they want. However, online financial services are also an attractive target for cyber criminals who, for example with DDoS attacks, have the ability to make entire banking portals inaccessible for a significant period of time. This leads to a significant damage for financial institutions and customers. Link11’s DDoS Protection exists specifially to prevent such incidents and safeguard online business.

The banking and finance services sector is regarded by the German federal government as critical infrastructure (= KRITIS), as a prolonged failure of these services could lead to a potential supply crisis within the country.

For this reason, the so-called IT Security Act applies here, provides for certain standards in the area of cyber security. Among other things, the law stipulates that the protection technology used must be state-of-the-art and that any data protection guidelines of the Federal Republic of Germany and the EU must be strictly adhered to. Of course, Link11’s patented protection solutions cover every requirement stipulated in the legislation.

Regulatory requirement: How you benefit with our solution

The Minimum Requirements for Risk Management (MaRisk) of the German Federal Financial Supervisory Authority (BaFin), as well as the clarifications through Bank Supervisory Requirements for IT (BAIT) and Payment Services Supervisory Requirements for IT (ZAIT) represent a major hurdle for financial companies. This is especially true when it comes to outsourcing IT processes and services. However, Link11 can help you overcome these hurdles with ease.

The digital trend creates additional dangers for the banking & finance sector

Challenges

Digital transformation is in full swing in the banking sector

The business model of banking is changing (from direct customer contact to digital customer relationships)

Banking is going online: 24/7, worldwide

High dependency on online service availability and stability

“Critical infrastructure” with mandatory IT security requirements

Risks

Cyberattacks can disrupt online businesses

The financial sector is one of the most frequently attacked industries

Prolonged downtime leads to consumer fears that their money is no longer safe or even available

Risk potential even higher than a financial crisis (The World Economic Forum Davos)

Evolution from human vs. human to machine vs. machine

What can you expect from Link11?

With the Link11 hosting solution, DDoS protection is not only guaranteed 24/7 thanks to intelligent AI,
but we can also tailor our service packages to the exact needs of our customers.

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