💼 Cyberbeveiliging voor Investment Firms & FinTech

Gespecialiseerde beveiligingsconsultancy voor investment firms, hedge funds, asset managers en FinTech bedrijven: SOC 2 Type II, ISO 27001, SEC/FCA/BaFin compliance

🎯 Het Beveiligingslandschap voor Financiële Diensten

💰 Marktoverzicht

Hoogwaardige Financiële Diensten Sector

  • Investment firms die miljarden aan AUM (Assets Under Management) beheren
  • FinTech-bedrijven die traditionele financiële diensten verstoren
  • Crypto-beurzen die hoogwaardige digitale assettransacties afhandelen
  • Institutionele beleggers die SOC 2 Type II-naleving vereisen
  • Europese toezichthouders die MiFID II, PSD2, AVG-naleving verplichten
  • Hoge beveiligingsstandaarden gerechtvaardigd door assetwaarden en fiduciaire plicht

⚖️ Regelgevingslandschap voor Naleving

Complexe Multi-Framework Vereisten

  • MiFID II: Markets in Financial Instruments Directive (EU investeringsbedrijven)
  • PSD2: Payment Services Directive 2 (sterke klantauthenticatie)
  • AVG: Bescherming en privacy van klantgegevens (€20M boetes)
  • AML/KYC: Anti-Money Laundering / Know Your Customer vereisten
  • SWIFT CSP: Customer Security Programme (SWIFT-netwerkdeelnemers)
  • SOC 2: Trust Services Criteria (voorkeur van Amerikaanse investeerders)
  • ISO 27001: Informatiebeveiliging Management (Europese standaard)

🛡️ Beveiligingsuitdagingen in Financiële Diensten

💸 Business Email Compromise (BEC)

Grootste financiële bedreiging voor investeringsbedrijven

  • Frauduleuze overmakingsverzoeken (vervalste e-mails)
  • CEO-fraude gericht op financiële teams
  • Leveranciers-imitatie en factuurfraude
  • Gemiddeld verlies per incident: $50.000-$5M+

Onze Oplossing: E-mailbeveiligingsimplementatie (DMARC, SPF, DKIM), phishing-resistente MFA, beveiligingsbewustwordingstraining, verificatieprocedures voor overboeking

🔐 Bescherming van Klantgegevens

AVG en fiduciaire verantwoordelijkheid

  • Personal financial information (PII, account details)
  • Investment strategies and portfolio holdings
  • Communication records and client instructions
  • Data breach notification (72-hour GDPR requirement)
  • Right to erasure and data portability

Our Solution: Data classification framework, encryption (at rest and in transit), access control (need-to-know basis), data loss prevention (DLP), GDPR compliance assessment

⚡ Trading Platform Security

Protecting trading algorithms and execution systems

  • Unauthorized access to trading algorithms
  • Market manipulation through compromised systems
  • High-frequency trading (HFT) infrastructure protection
  • API security for third-party integrations
  • Disaster recovery (RTO < 1 hour for trading systems)

Our Solution: Trading platform security review, network segmentation, privileged access management, API security assessment, disaster recovery planning

🏦 Third-Party Risk Management

Supply chain security for financial services

  • Fund administrators (NAV calculation, investor reporting)
  • Prime brokers (custody, execution, financing)
  • Cloud service providers (AWS, Azure, GCP)
  • SaaS applications (CRM, communication, analytics)
  • Third-party data breaches (indirect exposure)

Our Solution: Vendor security assessment, due diligence questionnaires, contract security requirements, continuous monitoring, incident response coordination

🏆 Our Investment & FinTech Services

1️⃣ SOC 2 Type II Audit Preparation

Complete certification support for institutional investors

  • SOC 2 gap analysis (Trust Services Criteria assessment)
  • Control framework design (security, availability, confidentiality)
  • Policy and procedure development (information security, access control, incident response)
  • Evidence collection and management (3-6 month monitoring period)
  • Internal readiness assessment
  • CPA audit firm liaison and support
  • Type I (point-in-time) or Type II (period of time) preparation

Timeline: 6-9 months (Type II) | Investment: €30,000-€80,000 total

ROI: Investor confidence, reduced due diligence burden, competitive advantage in fundraising, higher AUM potential

2️⃣ ISO 27001 for Financial Services

European investment firm certification standard

  • ISO 27001:2022 gap analysis (93 controls)
  • ISMS design tailored to investment operations
  • Risk assessment (financial, operational, reputational)
  • Control implementation and testing
  • Internal audit preparation
  • Certification audit support (accredited body)
  • Annual surveillance audits and continuous improvement

Timeline: 6-9 months | Investment: €40,000-€70,000 total

Benefit: European LP confidence, regulatory compliance (MiFID II alignment), GDPR demonstration

3️⃣ Trading Platform Security Assessment

Comprehensive security review for trading systems

  • Trading platform architecture review
  • Algorithm security (intellectual property protection)
  • API security assessment (FIX protocol, REST APIs)
  • Network segmentation review (trading zone isolation)
  • Access control audit (privileged access management)
  • Disaster recovery testing (RTO/RPO validation)
  • High-frequency trading (HFT) infrastructure security

Deliverable: Detailed security assessment report with prioritized remediation roadmap

4️⃣ Crypto Exchange Security

Specialized security for cryptocurrency platforms

  • Cold wallet management (95%+ assets offline)
  • Hot wallet hardening (minimal online exposure, rate limiting)
  • Multi-signature wallet implementation
  • Withdrawal security (MFA, whitelisting, time delays)
  • KYC/AML compliance integration
  • Smart contract security review (DeFi platforms)
  • Incident response planning (breach, theft scenarios)

Experience: Understanding of blockchain security, custody solutions, regulatory landscape (MICA, 5AMLD)

5️⃣ Neobank & Payment Gateway Security

PSD2 compliance and open banking security

  • Strong Customer Authentication (SCA) implementation
  • Open Banking API security (PSD2 compliance)
  • Payment gateway security review
  • PCI DSS compliance (payment card data)
  • Fraud detection system design
  • Transaction monitoring (AML compliance)
  • Mobile banking app security assessment

Regulatory: PSD2, EBA guidelines, GDPR compliance

6️⃣ Client Portal Security Review

Investor-facing portal security assessment

  • Client portal penetration testing (OWASP Top 10)
  • Authentication security (MFA, session management)
  • Authorization controls (role-based access)
  • Document security (investor reports, statements)
  • Communication security (secure messaging)
  • Mobile app security (iOS/Android)
  • Third-party integration security (SSO, data feeds)

Compliance: SOC 2 security criteria, GDPR data protection

📋 Financial Services Compliance Frameworks

🏆 SOC 2 Trust Services Criteria

Preferred by US institutional investors

  • Security: Protection against unauthorized access
  • Availability: System accessibility and performance
  • Confidentiality: Protection of confidential information
  • Processing Integrity: Complete, valid, accurate processing
  • Privacy: Personal information protection (GDPR alignment)

Type I vs Type II: Type I = point-in-time assessment, Type II = 3-6 month monitoring period (more assurance)

Auditor: CPA firm with AICPA accreditation

🔒 ISO 27001:2022

European standard for investment firms

  • 93 security controls across 4 themes
  • Risk-based approach (flexible implementation)
  • ISMS framework (continuous improvement)
  • Internationally recognized certification
  • MiFID II alignment

Certification: Accredited body (e.g., BSI, DNV, TÜV)

Recertification: Annual surveillance audits, 3-year recertification

🏛️ NIST Cybersecurity Framework

US regulatory guidance (SEC, FINRA)

  • Identify: Asset management, risk assessment
  • Protect: Access control, data security
  • Detect: Monitoring, anomaly detection
  • Respond: Incident response, communications
  • Recover: Recovery planning, improvements

Usage: Self-assessment framework, regulatory compliance demonstration (SEC Rule 206(4)-7)

💶 MiFID II & PSD2

EU regulatory requirements

MiFID II (Markets in Financial Instruments Directive):

  • Operational resilience requirements
  • Business continuity planning (trading system uptime)
  • Outsourcing risk management
  • Cyber incident reporting

PSD2 (Payment Services Directive 2):

  • Strong Customer Authentication (SCA)
  • Secure communication (TLS 1.2+)
  • Open Banking API security
  • Incident reporting (EBA guidelines)

💡 Waarom Kiezen voor Hack23 for Financial Services Security

🎯 Financial Services Expertise

  • Deep understanding of SOC 2, ISO 27001, MiFID II, PSD2 requirements
  • Experience with investment firm security audits and compliance
  • Knowledge of trading platform security and HFT infrastructure
  • Understanding of crypto exchange security and custody solutions
  • Familiarity with fund administrator and prime broker due diligence

🏆 Proven Security Framework

  • Public ISMS: 30+ security policies on GitHub (demonstrable expertise)
  • Certifications: CISSP, CISM, AWS Security Specialty, Solutions Architect Professional
  • Multi-Framework: ISO 27001, NIST CSF 2.0, CIS Controls implementation experience
  • Cloud Beveiliging: AWS Advanced level, multi-cloud architecture
  • Transparency: Our security practices are publicly verifiable

⚡ Practical, Business-Focused Approach

  • Security aligned with business objectives (fundraising, investor relations)
  • Clear ROI on security investments (risk reduction, competitive advantage)
  • Risk-based prioritization (not checkbox compliance)
  • Remote or in-person consulting (Gothenburg-based, Nordic coverage)
  • Flexible engagement models (project, retainer, SOC 2/ISO 27001 annual support)

❓ Frequently Asked Questions

Q: Do we need SOC 2 or ISO 27001 for our hedge fund?

A: SOC 2 Type II is preferred by US institutional investors and often required by fund administrators. ISO 27001 is more common for European limited partners and regulatory compliance (MiFID II alignment). Many established funds pursue both certifications to maximize investor confidence and market access.

SOC 2 advantages: Preferred by US investors, fund administrator requirement, specific trust services criteria

ISO 27001 advantages: European standard, regulatory alignment (MiFID II), comprehensive ISMS framework

Decision factors: Investor requirements, jurisdiction, regulatory obligations, market positioning

Q: How long does SOC 2 Type II certification take?

A: Complete SOC 2 Type II certification typically takes 6-9 months:

  • 3 months: Implementation (gap analysis, policy development, control implementation, evidence collection)
  • 3-6 months: Monitoring period (demonstrating control effectiveness over time - Type II requirement)
  • Audit: CPA firm examination (parallel to monitoring period)

Type I (point-in-time): Can be completed faster (3-4 months) but provides less assurance to investors.

Note: Expedited timelines possible for urgent fundraising or client requirements, but 3-month monitoring period is minimum for Type II.

Q: What are the main cybersecurity threats to investment firms?

A: Primary threats include:

  • Business Email Compromise (BEC): Fraudulent wire transfers, CEO fraud (average loss: $50K-$5M+)
  • Ransomware: Encryption of trading systems, client data (downtime costs)
  • Insider Threats: Employees with privileged access, intellectual property theft
  • Third-Party Breaches: Fund administrators, prime brokers, SaaS providers
  • Social Engineering: Targeting portfolio managers, finance teams
  • APT (Advanced Persistent Threat): Industrial espionage, trading algorithm theft
  • Market Manipulation: Compromised trading algorithms, unauthorized trades

Defense-in-depth required: MFA, email security, endpoint protection, network segmentation, privileged access management, continuous monitoring, incident response planning.

Q: How much does SOC 2 certification cost?

A: Total SOC 2 Type II investment: €30,000-€80,000 depending on organization size and complexity.

Breakdown:

  • Security Consultant: €15,000-40,000 (gap analysis, policy development, control implementation, evidence preparation)
  • CPA Audit Firm: €12,000-30,000 (Type II examination with 3-6 month monitoring period)
  • Ongoing Annual Costs: €8,000-15,000 (recertification audits)

ROI: Investor confidence, reduced due diligence friction, competitive advantage in fundraising, potential for higher AUM and management fees, reduced cyber insurance premiums.

Q: What security measures are required for a crypto exchange?

A: Essential crypto exchange security measures:

  • Cold Wallet Storage: 95%+ of assets stored offline (air-gapped)
  • Multi-Signature Wallets: Multiple approvals required for transactions (2-of-3, 3-of-5)
  • Hot Wallet Hardening: Minimal online funds, rate limiting, real-time monitoring
  • DDoS Protection: Exchanges are high-value targets for disruption
  • KYC/AML Compliance: Identity verification, transaction monitoring (5AMLD, 6AMLD)
  • Withdrawal Security: Multi-factor authentication, withdrawal whitelisting, time delays for large amounts
  • API Security: Rate limiting, authentication, authorization controls
  • Incident Response: Breach response plan, insurance coverage for custody assets

Additional: Bug bounty program, penetration testing, security audits by specialized blockchain security firms, proof of reserves.

Q: What's the difference between SOC 2 Type I and Type II?

A:

  • SOC 2 Type I: Point-in-time assessment (controls are properly designed and implemented at a specific date)
  • SOC 2 Type II: Period of time assessment (controls are operating effectively over 3-6 months minimum)

Investor preference: Type II provides more assurance (controls work consistently, not just on audit day). Most institutional investors require Type II for fund selection.

Timeline: Type I = 3-4 months, Type II = 6-9 months (includes monitoring period)

🚀 Ready to Elevate Your Financial Services Security?

Contact us for a free initial consultation to discuss your investment firm or FinTech security requirements.

📧 Email: Contact via LinkedIn

💼 LinkedIn: James Pether Sörling

🏢 Company: Hack23 AB on LinkedIn

📍 Location: Gothenburg, Sweden (Remote consulting available across Nordics)