Providing IT leadership in the financial markets

We are entering an era of extreme digital risk with cyber-crime on the rise and financial institutions prime targets of criminals. For these financial institutions, developing an innate understanding of where and how they could encounter cyber risk in this environment is now of primary importance. At the same time, security teams must continuously strive to fulfill their fiduciary and regulatory responsibilities, while meeting rising expectations for consumer privacy and innovative business solutions. Collaborative has a long history of providing IT leadership in the financial markets.

Financial IT Solutions

Organizations can address prevalent threats, obtain buy-in from leadership and build an advanced cybersecurity program

The financial services industry experiences 35 percent of all data breaches, according to Forbes, earning it the dubious distinction of “most-breached sector” of all.

Key trends to watch:

  • More banks will undergo digital transformations

  • The role of Artificial Intelligence in finance will expand.

  • Financial Firms will increase their use of Data Analytics.

  • Blockchain will be a key security solution.

  • Automation will take over more functions.

How Experts Rate Financial Institutions Cyber-security

Drawing from the U.S. National Institute of Standards and Technology, Deloitte divides financial institutions into four levels of cybersecurity maturity. Organizations with “partial” maturity rank at the bottom, while “adaptive” institutions rank at the top.

Partial: At these organizations, cybersecurity risk management practices are not formalized, and risk is managed in an ad hoc (and sometimes reactive) manner.

Informed: This maturity level is characterized by institutions where management has approved risk management practices, but these practices may not be established as policy across the organization.

Repeatable: Here, an organization’s risk management practices are formally approved and expressed as policy.

Adaptive: At this highest maturity level, organizations adapt cybersecurity practices “based on lessons learned and predictive indicators derived from previous and current cybersecurity activities.”

Frequently Asked Questions

How safe it is for me to engage with CTP for support and remote management?2020-07-27T20:57:56+00:00

CTP operates on a set of standard secure procedures and processes for remote systems management, incorporating strict SLAs.

Are new installations or upgrades covered as part of managed services?2020-07-27T20:58:05+00:00

New installations or upgrades (unless previously agreed) fall outside the scope of Managed Services; we will be happy to provide you with a quote based on your requirements.

Do you offer staff augmentation services?2020-07-27T20:58:23+00:00

Yes, we do. Please contact us for more information.

What happens if the number of managed instances in our environment changes? Do we sign a new contract?2020-07-27T20:58:14+00:00

No, our contract allows for growth (and shrinkage). The bill is adjusted as new managed devices are added or subtracted.

My infrastructure is not virtualized. Can CTP help with my backup needs?2020-07-27T21:01:06+00:00

Yes. CTP has been supporting backup solutions for companies for over 15 years, has a broad knowledge base and has developed many different solutions for meeting the requirements of on site backup, off-site storage, and a demonstrable plan to recover within the stated Service Level Agreement timeframe.

How do you achieve remote access to client’s servers?2020-07-27T23:13:33+00:00

Typically, we access remotely through a secure VPN connection, but can use alternative methods if required.

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Collaborative Technology Partners

Collaborative Technology Partners, Inc., is a Boston MA based provider of Cloud Services, MSP and Cyber Security Consulting for companies operating in a Microsoft environment.

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