Overview
Financial institutions are facing increasing regulatory pressure as compliance requirements around cybersecurity grow more demanding. Regulators are actively conducting exams and issuing a growing number of findings across the industry. Regulations are also evolving to address emerging threats — such as those related to artificial intelligence (AI), blockchain, and the Internet of Things (IoT) devices — while aligning with international standards to enhance global cybersecurity resilience.
Why It Matters
Adherence to cybersecurity regulations is not only mandatory but also essential to maintaining a strong security posture for financial institutions. The risks of non-compliance include:
Financial institutions are under increasing pressure to comply with a rapidly evolving cybersecurity landscape, rising technology complexity, and expanding regulatory requirements. Overlapping frameworks, emerging technologies, and sophisticated threat actors demand continuous investment and a proactive, risk-based approach to ensure sustained regulatory alignment and effective cyber defense.
In the current regulatory environment, our clients are struggling to comply with new amendments while maintaining alignment with existing regulations. At the same time, industry standards are evolving to address new threats such as AI-driven attacks and quantum encryption.
The main challenges financial institutions face include:
How Capco Can Help
Capco helps financial institutions strengthen cybersecurity compliance while enhancing risk and compliance management to meet regulatory and internal requirements, minimize inefficiencies, and reduce costs. Our extensive expertise in building and assessing cybersecurity programs, and specialized knowledge of the financial services industry, we deliver actionable insights backed by both qualitative and quantitative peer benchmarking.
We offer solutions across four pillars:
| Smarter, Leaner Compliance | Capco’s unified compliance framework streamlines regulatory efforts by enabling assessments across multiple regulations through a single, scalable process. This approach reduces effort, minimizes stakeholder fatigue, and drives cost savings, while remaining agile enough to adapt to new and evolving regulations and amendments. |
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| Proactive Regulatory Surveillance | Our dedicated team — specialized in regulatory watch and change — actively monitors industry developments and engages with financial regulators to stay ahead of emerging requirements. This proactive approach enables our clients to prepare for what’s next and maintain continuous compliance, including adapting to evolving regulatory expectations around AI. |
| Peer-based Compliance Benchmarks | With deep experience across the financial services industry, Capco provides clients with qualitative and quantitative benchmarking on how peers interpret and implement emerging regulations. For example, we’ve compared how different banks address NYDFS requirements for multi-factor authentication (MFA) and encryption — providing our clients with actionable insights and practical guidance. |
| AI-Infused Compliance Assessments | Capco’s AI-powered tools accelerate compliance assessments by analyzing existing evidence to generate pre-assessments, support walkthrough preparation, and draft preliminary compliance results — validated by subject matter experts (SMEs). This approach significantly reduces SME time commitments while enhancing both accuracy and consistency in assessments. |
Connect with a Capco Expert
Contact us to find out more about how Capco can help you ensure compliance with the latest cybersecurity regulatory requirements and imperatives