Cybersecurity for Canadian Financial Services & Credit Unions
Secure financial transactions, customer data, and regulated systems with cybersecurity services for financial organizations.
Key Statistic
$18.3M
Average cost of a financial sector data breach
Source: Industry security research
What Finance organizations face
Attackers target finance because of the combination of sensitive data, compliance obligations, and operational complexity. These are the gaps we close.
Regulatory Compliance
Meet GDPR, PCI DSS, and other financial regulations while maintaining security.
Fraud Prevention
Implement robust security measures to prevent financial fraud.
Customer Trust
Maintain customer confidence by ensuring their financial data remains secure.
Average cost of a financial sector data breach
$18.3M
Increase in cyberattacks on financial institutions since 2020
300%
Of financial institutions experienced a cyber incident in 2023
60%
Built for how finance works
Managed Detection and Response (MDR)
Primary24/7 monitoring and rapid response to cyber threats, keeping your business safe around the clock.
Cloud Security
Protect your cloud infrastructure with advanced security measures and continuous monitoring.
Email Protection
Advanced email security to guard against phishing, spam, and sophisticated email-based threats.
Backup & Recovery
Ensure business continuity with our robust backup and recovery solutions.
Firewall Management
Expert management of your firewall infrastructure for optimal security.
What Finance clients gain
Enhanced Security
Protect your financial assets and customer data from cyber threats.
Regulatory Compliance
Ensure compliance with industry regulations and data privacy laws.
Customer Trust
Maintain customer confidence by ensuring their financial data remains secure.
Why Quantm for Finance
Expertise
Our team specializes in financial cybersecurity, understanding the unique challenges banks and financial institutions face.
Compliance
We ensure compliance with all relevant financial industry regulations including GDPR, PCI DSS, and specific banking requirements.
Scalability
Our solutions scale with your institution, accommodating growing customer bases and expanding services while maintaining security.
OSFI Cybersecurity Requirements for Canadian Financial Institutions
OSFI issued B-13 Technology and Cyber Risk Management guidelines requiring federally regulated financial institutions to maintain comprehensive cybersecurity programs. B-13 applies to chartered banks, trust companies, life insurance companies, property and casualty insurers, and federally chartered mortgage brokerages.
B-13 requires documented programs covering: threat identification and risk assessment, access controls and privileged access management, data classification and protection, incident response and breach notification procedures, and third-party technology risk management. Institutions must establish a technology and cyber risk appetite statement, maintain a technology asset inventory, and demonstrate ongoing monitoring of cyber risk.
Quantm maps your existing controls to B-13 requirements and produces the documentation OSFI examiners request. We identify gaps between your current posture and B-13 expectations, prioritize remediation by risk level, and provide quarterly evidence reports that demonstrate ongoing compliance. Common gaps we find: undocumented incident response procedures, unmanaged privileged accounts, and third-party vendors with excessive network access.
Credit unions regulated by FSRA (Ontario) and BCFSA (BC) face analogous requirements under provincial frameworks. Most credit unions lack a dedicated security team — Quantm fills that gap with MDR, identity monitoring, and compliance documentation.
FINTRAC Cybersecurity Obligations for Canadian Financial Services
FINTRAC-regulated businesses — money service businesses, casinos, real estate brokers, and certain accounting firms — must protect client transaction data and maintain audit trails under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. FINTRAC expects businesses to implement administrative, physical, and technical controls that protect client information from unauthorized access or disclosure.
Transaction records and client identification data must be retained for five years and protected from modification or deletion. Quantm implements the data security controls FINTRAC expects: access logging, data encryption at rest and in transit, backup integrity verification, and audit trails that survive a compliance examination.
Common questions, answered.
Questions we hear most often about finance security, compliance, operations, and response planning.
Ask us anything