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What is a security banking or finance solution?

Since COVID-19, the banking and finance sectors have offered an increasing level of services online, and banking security has never been more crucial. Ransomware attacks, the rise of contactless payments, mobile malware attacks, and even data breaches of significant banking and finance apps are some of the dangers for which applicants in this category should offer security solutions.

The solution should provide a comprehensive set of security features to ensure the confidentiality, integrity, and availability of financial data and transactions. Security banking or finance solutions typically include features such as firewalls, intrusion detection and prevention systems, anti-malware and anti-virus software, data encryption, and access control mechanisms.

These solutions are also designed to comply with various regulatory requirements, such as PCI DSS, SOX, and GLBA, and to protect against financial crimes like fraud, money laundering, and identity theft.

Previous recognition for security banking or finance solutions

For a broader understanding of this Cloud Security Awards category, we have gathered examples from previous winners, finalists, and shortlistees which impressed the judging team with their innovative security solutions.

Winner of The 2023 Cloud Security Award for Best Security Solution for Finance or Banking

Quote from Lead Judge – Christopher Southall:

“The Noname API Security Platform is a powerful and user-friendly tool that offers businesses comprehensive protection against API security threats. With real-time monitoring, advanced threat detection, and automated remediation, this platform ensures businesses can operate with confidence, knowing their APIs are secure. Its intuitive dashboard provides real-time insights for quick threat identification and mitigation.”

Finalist in The 2023 Cloud Security Award for Best Security Solution for Finance or Banking

Pindrop’s advanced audio and voice analysis technology utilizes multiple factors, including device, voice, behavior, network, and risk to provide passive fraud detection and authentication that helps protect against financial fraud and improve customer account security, as well as providing data that can bolster defenses outside the contact center.

A strong entry for Best Security Solution for Finance or Banking category should have:

  • Clear, identifiable reasoning as to how the solution protects financial data
  • If available, any supplementary materials including but not limited to customer testimonials or case studies to demonstrate the solution’s results, effectiveness, and how it works
  • Clearly highlighted in the application any innovative features based on cloud technologies, where applicable.

The top candidates must be able to combine confidentiality, integrity, and availability.

Ready to enter this category? Please remember to:

• Download the forms
• Select the rights awards program and category/ies
• Submit according to the deadline
• Include all supplementary materials on your application

Why Enter The Cloud Security Awards?

The Cloud Security Awards is a program from The Cloud Awards. Since 2011, we’ve been helping organizations across the globe gain the recognition they deserve for market-leading innovation in the cloud computing and software sectors.

For a detailed breakdown of all the benefits you receive as an awards entrant as either a shortlistee, finalist or ultimate winner, please see our “Why Enter?” page. The many benefits are replicated across all international awards programs. If you have any questions about this category, please contact us.