Corax for Financial Services

Corax offers different solutions based on where you fit in to the cyber equation.

As well as cyber risk reports on individual and groups of companies, the Corax platform provides bespoke macro and micro economic reports on specific industries and geographical locations. The speed with which a problem could become serious in an API connected ecosystem of banks and service providers could be alarming. Although regulators, service contracts or consumer protection laws might define who carries responsibility and liability for fraud or security problems, the speed of risk propagation might make this nugatory – what if a small organisation ends up carrying liability for a massive amount of fraud as a result of a security breach, then how would that flow through the ecosystem and supply chain?


The activity on the system is working at machine rather than human speed. Any intelligence gathering, analysis, detection, triage, containment and response will also need to operate at machine speed. Flagging up lists of problems, issues, threats or potential attacks for a human to work through one-by-one will not suffice. Corax provides information on technology types, vendors and security vulnerabilities to support the following use cases:

Compliance

With every day that passes, the compliance and regulatory requirements needed to report across the technology stack become harder to navigate. Corax allows you to view the weakness across cyber risk, enabling you to confidently and accurately report the correct level of risk.

Third party cyber risk quantification

Financial institutions use Corax’s cyber risk quantification to help qualify externally developed systems, providing the relative security of different third party vendors, and helping them to choose the optimal approach.

Extensive modelled data

Corax allows you to view your own risk in simplified powerful metrics that matter, with the added benefit of leveraging our intelligent models and our extensive data on millions of companies, adding validity to the metrics Corax provides.

Corax provides real insight across M&A Corporate Finance, M&A Transactions, M&A Valuation, Restructuring, Financial Crisis, Real Estate, and Energy and Infrastructure Advisory Services to show the crucial financial cost a company has in terms of cyber exposure. Not only does our platform play a vital role in cyber due diligence across targeted acquisitions or in preparation of a sale to a potential acquirer, it also provides C Suite insight across industry and global markets, enabling you to benchmark your company against the market average.


When evaluating a target company from an M&A standpoint, failing to understand the cybersecurity risks inherent in their digital channels can be risky for the acquiring company. It could lead to a potential misrepresentation of the company’s overall valuation, due to lack of clarity regarding the internet-facing assets.

Compliance

With every day that passes, the compliance and regulatory requirements needed to report across the technology stack become harder to navigate. Corax allows you to view the weakness across cyber risk, enabling you to confidently and accurately report the correct level of risk.

Third party cyber risk quantification

Financial institutions use Corax’s cyber risk quantification to help qualify externally developed systems, providing the relative security of different third party vendors, and helping them to choose the optimal approach.

Extensive modelled data

Corax allows you to view your own risk in simplified powerful metrics that matter, with the added benefit of leveraging our intelligent models and our extensive data on millions of companies, adding validity to the metrics the Corax platform provides.

Wealth Management companies make it their business to ‘’know their customer’’; they keep hundreds of thousands of client records across multiple systems with different suppliers, and use a number of integrated financial products, which in turn all complicate the view on their risk.


Compliance

With every day that passes, the compliance and regulatory requirements needed to report across the technology stack become harder to navigate. Corax allows you to view the weakness across cyber risk, enabling you to confidently and accurately report the correct level of risk.

Third party cyber risk quantification

Financial institutions use Corax’s cyber risk quantification to help qualify externally developed systems, providing the relative security of different third party vendors, and helping them to choose the optimal approach.

Extensive modelled data

Corax allows you to view your own risk in simplified powerful metrics that matter, with the added benefit of leveraging our intelligent models and our extensive data on millions of companies, adding validity to the metrics the Corax platform provides .

The board should enquire about a vendor’s network security systems and confirm that everything possible is being done to keep shareholders’ data secure. It is vital that a board know how communication of a breach is going to be handled. This needs to be done before a breach occurs so the process of notifying affected individuals can be as streamlined as possible.


Compliance

With every day that passes, the compliance and regulatory requirements needed to report across the technology stack become harder to navigate. Corax allows you to view the weakness across cyber risk, enabling you to confidently and accurately report the correct level of risk.

Third party cyber risk quantification

Financial institutions use Corax’s cyber risk quantification to help qualify externally developed systems, providing the relative security of different third party vendors, and helping them to choose the optimal approach.

Extensive modelled data

Corax allows you to view your own risk in simplified powerful metrics that matter, with the added benefit of leveraging our intelligent models and our extensive data on millions of companies, adding validity to the metrics the Corax platform provides.

See how Corax can help you manage cyber risk more accurately