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Is EQ Bank | Equitable Bank safe?

EQ Bank | Equitable Bank risk score

https://eqbank.ca

The company’s data is at high risk of exposure or other security challenges, which could potentially result in financial loss, reputational damage, and privacy concerns. It seems that immediate action is required to address any existing breaches and to implement measures for further incidents prevention.

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d

76/100

overall score

Total issues found:

996
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Updated on: August 14, 2024

Data we analyse
Recent Critical Risk issues we found
18 corporate credentials stolen
Recent data breach: 19 days ago
230 SSL configuration issues found
Only 25% of systems cloud-hosted
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What information we check

For security teams to quickly address digital threats, efficiently handle zero-day incidents, and reduce their risk exposure time, we gather billions of signals each week from a multitude of sources. We help organizations identify risks, gain actionable insights, and respond faster to stay ahead of threats. This includes the collection and analysis of data from a multitude of clearnet and darknet sources to have a thorough and up-to-date understanding of a company’s digital stance.


Some of the factors we use to calculate the overall score:
Software patching
Web application security
Email security
Dark web exposure

EQ Bank, established in 2016, has rapidly grown to become a prominent player in the Canadian banking sector, emphasizing innovation and customer value. With over $7 billion in deposits and serving more than 290,000 customers, EQ Bank has redefined traditional banking by eliminating unnecessary fees and enhancing customer earnings through its high-interest Savings Plus Account. This account uniquely combines the benefits of both savings and chequing accounts, offering significant flexibility without monthly fees.

Further broadening its financial product suite, EQ Bank provides Guaranteed Investment Certificates (GICs), Registered Retirement Savings Plans (RSPs), and Tax-Free Savings Accounts (TFSAs), all insured by the Canada Deposit Insurance Corporation (CDIC) to ensure customer security and trust. Operating under the trade name of Equitable Bank, which is a member of CDIC, EQ Bank ensures a safe and reliable banking environment for its clients.

EQ Bank's commitment to delivering exceptional value and service has been recognized on a global scale, with consecutive accolades from Forbes as the top bank in Canada in both 2021 and 2022. This recognition underscores its position as a leader in the financial industry, committed to innovation and customer satisfaction.

As a subsidiary of EQB Inc., formerly known as Equitable Group Inc., EQ Bank benefits from the robust backing of its parent company, which trades on the Toronto Stock Exchange under the symbols EQB and EQB.PR.C. EQB Inc. serves over 480,000 Canadians and supports more than 200 Canadian credit unions, which collectively assist nearly 5 million members. With over $100 billion in assets under management and administration, Equitable Bank stands as Canada's 7th largest independent Schedule I bank, driven by a mission to introduce meaningful changes in Canadian banking to enrich the lives of its customers.

For those interested in a banking experience that prioritizes making the most out of your financial resources, EQ Bank offers a refreshing, innovative approach. Visit their website to learn more about how EQ Bank can help you 'make' rather than just 'take'.
Website:
https://eqbank.ca
Industries:
Financial Services
Company size:
1001-5000 employees
Founded:
1970
Headquarters:
30 St Clair Avenue West; Suite 700; Toronto, Ontario M4V 3A1, CA

Security risk report

Phishing and malware

754 issues

The risks of malware and phishing include data and identity theft, system damage, financial fraud and losses, and the potential for credential compromise, which can lead to further attacks on personal or organizational systems.

1 Corporate passwords leaked (18)
2 Employee passwords stolen (6763)
3 Employees affected by data breaches (407)
4 Data points leaked (6763)
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Network security

11 issues

Network security issues can help hackers find and map out services on your network, revealing weak spots. Once they identify these targets, they can break in and move around the network to access more systems. This can lead to data breaches and other security problems that may disrupt your business operations. Keeping the network infrastructure up-to-date helps organizations defend against such risks by identifying vulnerabilities early and strengthening network defenses.

1 Medium vulnerabilities (10)
2 Most of the IPs are provided by same internet service providers
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Email security

0 issues

Weak email security policies and improper email server configurations can lead to compromised accounts within your organization that are used to spread phishing, malware or spam through your official communication channels. Our approach helps identify and strengthen these policies, protecting the company's image and maintaining client trust.

Website security

231 issues

Website security vulnerabilities are the most common way for threat actors to initiate data breaches and deploy arbitrary malicious code, potentially stealing customer information, payment details and otherwise negatively impacting your company’s reputation. By using passive vulnerability scanning techniques, we can legally and with confidence identify exposed network nodes and check them for known vulnerabilities. This approach helps organizations protect their business operations and reputation by proactively securing their websites.

1 Low vulnerabilities
2 Domain certificate path validation failure
3 SSL certificate lifespan is longer than recommended 90 days (45)
4 Deployed certificate signatures are RSA only, should have at least one of ECDSA signatures (46)
5 Deployed certificate types are RSA only, should have at least one of ECDSA (14)
6 Deprecated cipher suites are supported, but should be rejected (46)
7 Deprecated TLS 1.3 cipher suites are supported, but should be rejected (32)
8 Deprecated TLS versions are supported, but should be rejected (46)
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Outcome reliability

We gather billions of signals weekly from a multitude of sources to enable organizations identify risks and prepare actionable insights so that they could respond to threats faster. We ensure that all data is cross-checked for false positives and ensure an utmost quality to it. By providing valuable insights to security teams on various aspects of an organization’s cyber health we can ensure quick and appropriate responses to address digital threats, respond to zero-day incidents more efficiently, and minimize their risk exposure timeline. Learn more about our methodology .

This is an inline graph showing outcome reliability scores. The grades are as follows: F is between 0 and 70, D is between 70 and 78, C is between 79 and 85, B is between 85 and 95, and A is above 95.
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Disclaimer

As a cybersecurity news platform, we aim to enhance digital safety by all means. For this reason, we developed this scoring system. However, the scores are intended solely for informational purposes and should not be interpreted as an absolute assessment of a company’s cybersecurity strength or weakness. The methodology used to generate these scores may not capture all factors relevant to a company’s cybersecurity risk.

All information is provided without a warranty of any kind, express or implied. Users may use this information at their own risk. We are not responsible for the consequences of any unauthorized use of these scores, including, but not limited to any decisions made, as a result of or reliance upon anything contained in herein or any damages of any kind, including without limitation direct, indirect, consequential, exemplary, special or other damages.