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Is Open Banking safe?
Open Banking risk score
The company’s data is at moderate risk of exposure or other security challenges, which could potentially result in financial loss, reputational damage, and privacy concerns. It may be beneficial for the company to consider taking proactive measures to mitigate these risks by addressing potential vulnerabilities, enhancing security protocols, and closely monitoring its systems.
91/100
overall score
Total issues found:
407Updated on: September 10, 2024
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.
The core objective of Open Banking is to revolutionize the way banking services are delivered by enhancing transparency and security in the sharing of financial information. By enabling secure access to financial data, Open Banking empowers individuals and small to medium-sized enterprises (SMEs) to take greater control over their financial affairs. This access facilitates a more informed decision-making process, allowing customers to benefit from tailored financial products and improved value from banking services.
As a regulated entity, Open Banking Ltd adheres to strict regulatory standards set forth by financial authorities to ensure the protection of consumer data and the integrity of the services provided. The company's commitment to security is evident in its compliance with relevant regulations and its dedication to maintaining high standards of data protection.
Through its innovative platform, Open Banking Ltd is at the forefront of transforming the financial landscape by enabling a more interconnected and user-centric banking environment. This approach not only supports the financial needs of consumers and businesses but also stimulates further technological advancements within the industry.
- Website:
- https://openbanking.org.uk
- Industries:
-
Financial Services
- Company size:
- 51-200 employees
- Founded:
- 2016
- Headquarters:
- Dawson House, 5 Jewry Street, Aldgate, London EC3N 2EX; London, GB
Security risk report
Phishing and malware
152 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.
Network security
2 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.
Email security
1 issue
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
252 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.
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 .
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.