Banks, financial advisors and investment firms located in the Netherlands face a rapidly evolving threat landscape as cybercriminals from around the world increase attacks on the finance sector. Ransomware, account takeover and highly sophisticated supply chain attacks threaten sensitive information and can cause catastrophic monetary losses. The Financial Services Qualification System-Netherlands (FSQS-NL) is a highly regarded security certification program that assists financial services organizations in the Netherlands with defending against threats by helping firms enhance their overall cybersecurity posture. By using a FSQS-NL Certified solution for password and privileged access management, financial services organizations in the Netherlands can drastically improve security.
Dutch Banks Are Prime Targets for Cybercriminals
Ransomware gangs, nation-state threat actors and individual cybercriminals target financial organizations for obvious reasons but also because large banks and investment firms have access to large databases of customer information that can be used in additional attacks.
Notably, the Dutch have considerable international influence, as the Netherlands is home to some of Europe’s largest banks and boasts one of the highest bank assets to GDP ratios in the EU. This strategic position, combined with the country’s open and export-oriented economy, makes the Dutch banking sector a significant player in the broader European banking landscape. As a result, the Dutch banking and financial services sector is also a prime target for cybercriminals.
Recent examples of high-profile examples in the Netherlands include a string of attacks focused on banks, a warning from the Dutch intelligence agency and a report by the consultant EY about cybersecurity risks within European banks.
FSQS-NL is a rigorous registration system for suppliers of products and services to the financial industry in the Netherlands. It is a robust and comprehensive qualification process that ensures vendors meet stringent regulations and standards related to security, risk management and business continuity. By opting for FSQS-NL registered vendors, financial institutions can ensure they partner with organizations that prioritize security and have demonstrated their ability to protect sensitive data effectively.
Importance of FSQS-NL to Dutch Financial Institutions
The financial sector is a prime target for cyber threats, making strong security measures crucial. With the exponential rise in cybercrime, Dutch banks and financial services organizations face a wide range of threats, from data breaches and phishing attacks to ransomware and beyond. Each of these threats can lead to substantial financial losses and irreparable damage to the institution’s reputation.
Having an FSQS-NL registration acts as a badge of assurance. It gives banks and financial services the confidence that they are partnering with a vendor whose products and services meet the rigorous security requirements set forth by the industry.
Keeper Security: A Certified Solution
As a FSQS-NL registered solution, Keeper Security offers a password management and privileged access management solution that drastically reduces the risk of credential-based attacks for Dutch banks.
KeeperPAM is an advanced Privileged Access Management (PAM) solution designed to enhance security and business productivity for organizations of all sizes. Keeper extends top-tier, enterprise-level security beyond the confines of the IT department, making it accessible to all users across the organization. Notably, KeeperPAM can be deployed more rapidly than traditional solutions–in mere minutes instead of months–and is designed with any privileged user in mind, from finance and HR to marketing and beyond. Offering a streamlined PAM solution without unnecessary complexities, KeeperPAM is dedicated to securing every privileged user within your organization.
In a world where digital threats are ever-evolving, financial institutions need partners they can rely on for uncompromised security. Keeper’s FSQS-NL registration underlines our commitment to providing the Dutch financial sector with a password management solution that is not only robust and effective but also trusted and verified. Step into a more secure future with Keeper – Try it Free for 14-Days.