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Financial Services IT

IT Services for Financial Services — Security and Compliance Built In

Financial services firms operate under some of the strictest regulatory scrutiny in any industry. Your IT environment isn't just infrastructure — it's audit evidence. Every configuration, access log, and encryption setting will be examined by regulators.

IT Risks That Keep Financial Executives Up at Night

Regulators aren't getting more lenient. Attackers aren't getting less sophisticated. Here's what's at stake.

Regulatory Examination Pressure

SEC, FINRA, state regulators, and banking examiners are all increasing scrutiny of IT controls. The SEC's cybersecurity disclosure rules (effective December 2023) require public companies to report material incidents within four business days. Your IT environment must be audit-ready at all times.

PCI-DSS 4.0 Compliance

PCI-DSS 4.0 went into effect in March 2024 with significant new requirements including authenticated vulnerability scanning, targeted risk analysis for all controls, and enhanced logging. Many firms are still running environments built for PCI 3.2.1.

Account Takeover & Wire Fraud

Credential stuffing, phishing, and SIM-swapping attacks target financial services firms specifically because the payoff is immediate — unauthorized wire transfers, fraudulent ACH transactions, and compromised trading accounts. Financial services sees 300% more credential attacks than other sectors.

SOC 2 Audit Requirements

Your clients and partners increasingly require SOC 2 Type II reports. Meeting the Trust Services Criteria means implementing and documenting controls across security, availability, processing integrity, confidentiality, and privacy — then proving those controls work consistently over a 6–12 month observation period.

Data Retention & Supervision

FINRA Rules 3110 and 4511, SEC Rule 17a-4, and state recordkeeping requirements mandate specific retention periods and supervision protocols for electronic communications. Your email, messaging, and file systems must support immutable archiving and supervisory review workflows.

How BrightWorks IT Serves Financial Services Firms

Multi-Framework Compliance

We map your IT controls to PCI-DSS 4.0, SOC 2 Trust Services Criteria, NIST CSF, and SEC/FINRA requirements simultaneously. One control set, documented once, satisfying multiple auditors. We maintain your evidence repository and coordinate directly with your auditors during examinations.

Financial-Grade Cybersecurity

FIDO2/WebAuthn phishing-resistant MFA, privileged access management, network micro-segmentation, encrypted communications, 24/7 SOC monitoring with financial-specific threat intelligence, and automated response playbooks for account takeover and wire fraud attempts.

Compliant Communication Archiving

We configure email archiving with WORM (Write Once Read Many) compliance, supervision review workflows, and retention policies that satisfy SEC Rule 17a-4 and FINRA requirements. This covers email, Teams messages, and other electronic communications your regulators require you to retain.

Business Continuity & DR

Financial regulators require documented BCPs with tested failover. We build and test your disaster recovery environment, document RTO and RPO for each critical system, and conduct tabletop exercises annually so your team knows exactly what to do when systems go down.

Financial Services IT by the Numbers

$5.9M
Average Cost of a Financial Services Data Breach
300%
More Credential Attacks vs. Other Industries
4 Days
SEC Material Incident Disclosure Deadline
$1.2M
Average FINRA Cybersecurity Fine

Financial Services IT Solutions

Managed IT Services

Infrastructure management with SLAs that meet financial services uptime requirements and audit expectations.

Learn More About Managed IT Services

Cybersecurity

Phishing-resistant MFA, PAM, micro-segmentation, and 24/7 SOC monitoring with financial threat intelligence.

Learn More About Cybersecurity

Compliance Services

PCI-DSS 4.0, SOC 2 Type II, SEC/FINRA readiness, and multi-framework control mapping.

Learn More About Compliance Services

Backup & DR

BCP-compliant disaster recovery with tested failover, documented RTOs, and annual tabletop exercises.

Learn More About Backup & DR

Cloud & Microsoft 365

Compliant cloud environments with WORM archiving, DLP policies, and supervisory review.

Learn More About Cloud & Microsoft 365

vCIO & IT Strategy

Technology roadmaps that account for regulatory changes, examination schedules, and firm growth.

Learn More About vCIO & IT Strategy
★★★★★
"When our FINRA examiner asked about our cybersecurity controls, we had answers for every question — because BrightWorks IT had already prepared the documentation. That kind of preparedness is worth its weight in gold."
David Chen
Managing Partner, Chen & Associates Wealth Management

Financial Services IT — Frequently Asked Questions

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