Cybersecurity for Banks and Financial Institutions
Your IT security is solid—but can you prove it from a regulatory standpoint? Many banks invest in their own pentest teams and undergo regular internal security audits. But this is precisely where the problem lies: auditors, the ECB, and BaFin do not recognize internal tests as independent evidence. What you lack is not technical expertise, but external certification that makes your IT security verifiable and audit-proof.
Independent, Verifiable, Audit-Proof
Penetration Testing for ECB-Regulated Banks
IT security has long been a regulatory necessity for banks, rather than a technical one. From mobile banking to trading systems to FinTech solutions, new vulnerabilities are emerging every day.
The ECB, BaFin, and auditors now require independent, certified proof of the effectiveness of your IT security. Internal tests are no longer sufficient—external, formally audited validation is standard.
turingpoint provides customized cybersecurity solutions for the banking sector. Till Oberbeckmann (Managing Partner) brings comprehensive industry know-how to the secure implementation of operating and business models. Our security consultants combine industry knowledge with technological expertise.
Finance References
External Evidence Is Mandatory
Auditors, supervisory authorities, and internal auditors are increasingly demanding independent, external verification of your IT security measures—especially when it comes to penetration testing.
Internal tests are not considered sufficiently independent. Auditors require third-party confirmation from external, recognized providers.
At the same time, the ECB and BaFin are tightening their expectations regarding traceability and quality assurance. The result: only external, certified security service providers are accepted as independent auditing bodies.
The Problem with In-House Pentests
- Technically Sound, but Insufficient in Regulatory Terms
Many banks have their own pentest teams. The tests are technically sound, but do not meet regulatory requirements for independence.
- Lack of Recognition of Internal Audit Reports
Test reports from within the company are considered a conflict of interest. There is a lack of independence. Internal results are not accepted as official evidence.
- Lack of Acceptance Among Auditors and Supervisory Authorities
Lack of neutrality. Internal tests fail to convince either auditors or regulatory authorities.
Banks and Fintech Companies
Growing Vulnerabilities in the Financial Sector
Professional attackers are increasingly interested in the financial sector. Digitalization creates new risks:
- Mobile Banking & Apps
Fingerprint bypass, circumventable 2FA, or vulnerabilities in biometric authentication are real attack vectors—not theory.
- Trading Systems & BaFin
Trading systems are subject to BaFin requirements. Not only technical security is crucial, but also audit-proof documentation.
- FinTech & Third-Party Providers
Banks operate a variety of third-party software—web ID, embargo checks, risk assessments. These externally integrated systems are often the weakest link.
Your Advantages with turingpoint
- Transparency & Traceability
Central pentest platform with a structured overview of all tests – reports, comments, action status. Documentation that can be audited at any time for the ECB, BaFin, and auditors.
- Formally Recognized Quality
BSI certification as a security service provider confirms binding and state-approved standards.
- Flexible Test Models
- Multiple Impact Detection (MID): Up to 30 pentests per year in 10–20 days
- Rapid Response Pentesting (RRP): Quick tests for critical releases, FinTech integrations, or app updates
- Continuous support: Structured annual planning with fixed test time windows
