Cybrove
Industry Security Guide

Application Security for Fintech Companies

Fintech companies handle money and financial data — making them prime targets for attackers and subject to strict regulatory requirements like PCI DSS and SOC 2.

Compliance Requirements

PCI DSSSOC 2SOXGDPRGLBA

Top Security Risks for Fintech

Payment card data exposure (PCI DSS violation)
Account takeover via credential stuffing
API exploitation in banking integrations
Insider threats with access to financial data
Third-party payment processor vulnerabilities

Security Checklist for Fintech

Achieve PCI DSS compliance for payment processing
Implement strong customer authentication (SCA)
Encrypt all financial data at rest and in transit
Deploy fraud detection and anomaly monitoring
Conduct quarterly vulnerability assessments
Implement transaction signing and verification
Set up real-time transaction monitoring
Conduct annual penetration testing
Implement API rate limiting and abuse detection
Maintain audit trails for all financial operations

Related Security Guides

Pci Dss Compliance GuideApi Security VulnerabilitiesCredential Stuffing PreventionEncryption At Rest In Transit

Frequently Asked Questions

What security does a fintech company need?

Fintech companies need PCI DSS, SOC 2, SOX compliance, encryption at rest and in transit, access controls, vulnerability scanning, and an incident response plan. The specific requirements depend on the data you handle and the regulations that apply.

What are the biggest security risks for fintech?

Payment card data exposure (PCI DSS violation). Account takeover via credential stuffing. API exploitation in banking integrations.

What compliance frameworks apply to fintech?

Fintech companies typically need PCI DSS, SOC 2, SOX, GDPR, GLBA. The specific requirements depend on your data types, geography, and customer requirements.

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