Sovereign Bank strengthens its digital security to protect customer data and financial transactions amid rising cyber threats.
MIAMI, NEW YORK, TORONTO, LONDON and DUBAI, Dec. 9, 2024 — CYPFER, a global cybersecurity leader, announces its partnership with Sovereign Bank to enhance the bank’s cybersecurity across its digital platforms. This initiative prioritizes protecting customer data and financial transactions, and fortifying Sovereign Bank’s digital infrastructure in response to the increasing cyber threats against financial institutions.
“Protecting our customers’ financial data is paramount,” says James Lau, Sovereign Bank’s CEO. “We’re committed to proactive cybersecurity. Our collaboration with CYPFER strengthens our defenses, ensuring customer transaction and data security.”
The financial sector is a prime target for cybercriminals. Sovereign Bank’s proactive approach, with CYPFER’s support, sets a high cybersecurity benchmark for the industry.
“We’re proud to partner with Sovereign Bank to provide advanced cybersecurity strategies,” says Daniel Tobok, CYPFER’s CEO. “This protects their clients and business from emerging threats, maintaining trust in the digital age.”
The financial industry’s reliance on digital platforms increases vulnerability to ransomware, phishing, and other cyber threats. This initiative implements advanced measures to mitigate these risks and safeguard sensitive information.
“Our customers trust us with their financial well-being; protecting that trust is our responsibility,” adds Lau. “CYPFER’s support strengthens our digital infrastructure, enabling us to provide superior service with confidence.”
“CYPFER’s mission is to establish Cyber Certainty
across industries; the financial sector needs specialized security,” Tobok explains. “This initiative tackles the unique challenges faced by financial institutions, enabling secure operation in today’s digital environment.”
About CYPFER
is globally focused on helping companies achieve Cyber Certainty. With incident responders, threat researchers, ransom experts, and data restoration specialists, CYPFER serves leading law firms, insurers, and global organizations. CYPFER’s cybersecurity professionals work across the US, Canada, UK, and Caribbean, offering 24/7/365 support for clients experiencing cyberattacks. CYPFER prioritizes restoring Cyber Certainty for all clients.
CYPFER’s core services include:
- Digital Forensics to uncover malicious activity, insider threats, and protect sensitive data
- Global Incident Response Retainer Services guaranteeing priority access to ransomware advisory, incident response, and recovery support for swift resolution
CYPFER is headquartered in Miami, FL, with offices in Canada, the United Kingdom, Mexico, the Cayman Islands, and the UAE. Employing approximately 200 cybersecurity experts, CYPFER has supported clients across six continents. The company plans to expand globally, aiming for a workforce of 250 cybersecurity professionals by the end of 2025.
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