MADISON, S.D., September 19, 2025 – As the financial sector grapples with a surge in elegant cyberattacks and increasingly stringent regulations, institutions are turning to modernized risk management platforms. SBS cybersecurity announced today a significant upswing in adoption of its TRAC platform, demonstrating a clear industry trend towards proactive cybersecurity measures.
Record Growth in TRAC Module adoption
Table of Contents
- 1. Record Growth in TRAC Module adoption
- 2. TRAC platform: Bridging Cybersecurity and Compliance
- 3. Key features Driving Adoption
- 4. The Evolving landscape of Financial Cybersecurity
- 5. Frequently Asked Questions about Cybersecurity in Finance
- 6. How does TRAC’s automated risk assessment functionality support organizations in meeting compliance requirements for frameworks like NIST,ISO 27001,HIPAA,and PCI DSS?
- 7. SBS CyberSecurity Observes Unprecedented Growth in TRAC Adoption,Marking a Shift to Modern GRC Solutions in teh Industry
- 8. The Rising Demand for Integrated Risk Management
- 9. Understanding the TRAC Advantage: A Deep Dive
- 10. Why the Sudden Surge in TRAC Adoption? Key Drivers
- 11. TRAC vs. Traditional GRC: A Comparative analysis
- 12. Real-World Impact: Case Studies & Examples
- 13. Benefits of Proactive GRC with TRAC
- 14. Practical Tips for Implementing a GRC Solution
between May 15 and July 31, 2025, SBS CyberSecurity experienced a remarkable 506% increase in TRAC module activations, with 218 new modules implemented. this represents the company’s highest period of growth for the platform, indicating a growing demand for complete risk assessment and compliance tools. According to a recent report by the Financial Crimes Enforcement Network (FinCEN),cybercrime-related incidents reported by financial institutions rose by 42% in the first quarter of 2025 alone.
“This substantial growth demonstrates that financial institutions are prioritizing resilient and adaptable cybersecurity solutions,” stated Toni Meyer, Director of Product at SBS CyberSecurity. “they are moving away from legacy systems and embracing tools that offer both security and regulatory compliance.”
TRAC platform: Bridging Cybersecurity and Compliance
The TRAC platform is designed to streamline risk assessments and demonstrate cybersecurity maturity by aligning with leading industry frameworks. The Cyber Risk Institute (CRI) Profile and the NIST Cybersecurity Framework (CSF) are key components of the platform’s capabilities. A limited-time incentive program focused on these modules proved notably successful, drawing significant interest from institutions seeking to bolster their security posture and prepare for upcoming regulatory examinations.
Many financial institutions opted for the CRI Profile module specifically to proactively address evolving exam requirements. This aligns with broader industry efforts, such as the Federal Reserve’s ongoing enhancements to its supervisory guidance on cybersecurity. The increasing focus on regulatory compliance is driving demand for solutions that can provide clear evidence of a robust security program.
Key features Driving Adoption
Recent enhancements to the TRAC platform, including improved executive-level reporting, enhanced framework compatibility, and a more user-friendly interface, have further fueled its adoption. In April, TRAC achieved a Net Promoter Score (NPS) of 61, exceeding industry benchmarks and reflecting high levels of customer satisfaction. This positive feedback indicates that users find the platform valuable and easy to use.
“Organizations are under immense pressure to effectively and affordably manage cybersecurity risk without adding to operational complexity,” Meyer added. “TRAC is engineered to address this need, and our record-breaking summer adoption rate confirms that we are delivering value to our clients.”
Here’s a comparison of key cybersecurity frameworks:
| Framework | Focus | Best For |
|---|---|---|
| NIST CSF | Comprehensive cybersecurity risk management | Organizations of all sizes seeking a detailed, adaptable framework. |
| CRI Profile | High-impact cybersecurity risks for financial services | Financial institutions focused on addressing specific, critical risks. |
| FFIEC CAT | Outdated, broad technology risk management | Organizations currently using the framework, but seeking modernization. |
Did You Know? The average cost of a data breach in the financial sector is $5.97 million, according to IBM’s Cost of a Data Breach Report 2023.
pro Tip: Regularly update your cybersecurity risk assessments and ensure they align with the latest regulatory guidance.
The Evolving landscape of Financial Cybersecurity
The threat landscape facing financial institutions is constantly evolving. Beyond conventional malware and phishing attacks, organizations are now contending with sophisticated ransomware campaigns, supply chain vulnerabilities, and the rise of artificial intelligence-powered attacks. Proactive risk management is no longer optional but a critical component of business continuity and regulatory compliance. Investing in solutions like SBS cybersecurity’s TRAC platform can definitely help institutions stay ahead of these emerging threats and protect their assets.
Frequently Asked Questions about Cybersecurity in Finance
- What is the NIST Cybersecurity Framework? The NIST CSF provides a structured approach to managing cybersecurity risk, offering guidelines and best practices for organizations.
- What is the CRI Profile? The CRI Profile focuses on the most significant cybersecurity risks facing the financial services industry, helping institutions prioritize their security efforts.
- Why is cybersecurity important for financial institutions? Financial institutions are prime targets for cyberattacks due to the sensitive financial data they hold, making robust cybersecurity essential for protecting customers and maintaining trust.
- How can financial institutions improve their cybersecurity posture? Implementing a comprehensive risk management program, utilizing advanced security technologies, and providing ongoing employee training are key steps towards strengthening cybersecurity.
- What are the latest cybersecurity threats facing the financial sector? Currently, these include ransomware, phishing attacks, supply chain vulnerabilities, and emerging threats leveraging artificial intelligence.
- What role does regulatory compliance play in cybersecurity for financial institutions? Compliance with regulations like the Gramm-Leach-Bliley Act (GLBA) and the New York State department of Financial Services (NYDFS) Cybersecurity Regulation is crucial for protecting customer data and avoiding penalties.
What are your thoughts on the increasing cybersecurity risks facing the financial industry? Share your insights in the comments below!
How does TRAC’s automated risk assessment functionality support organizations in meeting compliance requirements for frameworks like NIST,ISO 27001,HIPAA,and PCI DSS?
SBS CyberSecurity Observes Unprecedented Growth in TRAC Adoption,Marking a Shift to Modern GRC Solutions in teh Industry
The Rising Demand for Integrated Risk Management
The cybersecurity landscape is evolving at an unprecedented rate. Organizations are facing increasingly elegant threats, stricter regulatory requirements, and a growing need for demonstrable compliance. This has fueled a significant shift towards modern Governance, Risk, and Compliance (GRC) solutions, and SBS CyberSecurity is at the forefront of this transformation. We’ve observed a remarkable surge in the adoption of our TRAC (Threat & Risk Assessment Center) platform, signaling a clear industry trend: businesses are prioritizing proactive, integrated risk management over reactive, siloed security measures.
Understanding the TRAC Advantage: A Deep Dive
TRAC isn’t just another cybersecurity tool; it’s a complete GRC platform designed to streamline and automate critical security processes. Its core functionality centers around:
* Continuous Monitoring: Real-time threat intelligence feeds and vulnerability scanning provide constant visibility into an association’s security posture. This includes identifying emerging threats, misconfigurations, and potential weaknesses.
* Automated Risk Assessments: TRAC automates the often-complex process of risk assessment, leveraging pre-built frameworks (NIST, ISO 27001, HIPAA, PCI DSS) and customizable questionnaires.
* Vulnerability Management: Prioritized vulnerability remediation based on risk scores,ensuring that the most critical issues are addressed first.
* Compliance Reporting: Simplified reporting for various regulatory frameworks,reducing the burden of audits and demonstrating compliance.
* Incident Response Management: Streamlined incident response workflows, enabling faster and more effective containment and recovery.
This integrated approach contrasts sharply with traditional GRC methods, which frequently enough rely on manual processes, spreadsheets, and disparate tools.The result is increased efficiency, reduced risk, and improved compliance.
Why the Sudden Surge in TRAC Adoption? Key Drivers
Several factors are contributing to the accelerated adoption of TRAC and similar modern GRC platforms:
* Increased Cyberattacks: The frequency and severity of cyberattacks are escalating, forcing organizations to invest in more robust security measures. Ransomware, phishing, and supply chain attacks are especially prevalent.
* Evolving Regulatory Landscape: Regulations like GDPR, CCPA, and NYDFS are becoming more stringent, demanding greater accountability and transparency in data security practices.
* Remote Work Challenges: the shift to remote work has expanded the attack surface and introduced new security challenges, necessitating more comprehensive risk management solutions.
* Skills Gap: The cybersecurity skills gap is widening, making it arduous for organizations to find and retain qualified security professionals.Automation and streamlined workflows offered by platforms like TRAC help bridge this gap.
* Cost of Data Breaches: The financial and reputational costs of data breaches are considerable, driving organizations to prioritize preventative measures.
TRAC vs. Traditional GRC: A Comparative analysis
| Feature | Traditional GRC | TRAC (Modern GRC) |
|---|---|---|
| Automation | Limited,manual processes | Highly automated workflows |
| Integration | Siloed tools and data | Integrated platform with centralized data |
| Real-time Visibility | Delayed,reactive | Continuous monitoring and real-time insights |
| Scalability | Difficult to scale | Easily scalable to accommodate growth |
| Reporting | Manual,time-consuming | Automated,customizable reports |
| Cost | Often high due to manual effort | Lower total cost of ownership (TCO) |
Real-World Impact: Case Studies & Examples
SBS CyberSecurity has witnessed firsthand the positive impact of TRAC across various industries.
* Healthcare Provider: A regional healthcare provider implemented TRAC to achieve and maintain HIPAA compliance. The platform automated risk assessments, vulnerability scanning, and compliance reporting, resulting in a significant reduction in audit findings and improved patient data security.
* Financial Institution: A credit union utilized TRAC to strengthen its cybersecurity posture and protect against financial fraud.The platform’s threat intelligence feeds and incident response capabilities enabled the institution to quickly detect and respond to suspicious activity, preventing significant financial losses.
* Manufacturing company: A manufacturing firm leveraged TRAC to secure its industrial control systems (ICS) and protect against operational disruptions.The platform’s vulnerability management features helped identify and remediate critical vulnerabilities in the company’s ICS environment.
Benefits of Proactive GRC with TRAC
Investing in a modern GRC platform like TRAC delivers a multitude of benefits:
* Reduced Risk: Proactive identification and mitigation of vulnerabilities minimize the likelihood of prosperous cyberattacks.
* Improved Compliance: Streamlined compliance reporting simplifies audits and demonstrates adherence to regulatory requirements.
* Increased Efficiency: Automation and integrated workflows free up valuable time and resources.
* Lower Costs: Reduced risk of data breaches and streamlined compliance efforts translate into significant cost savings.
* Enhanced Reputation: Demonstrating a commitment to cybersecurity builds trust with customers and stakeholders.
Practical Tips for Implementing a GRC Solution
* Define Clear Objectives: Identify your organization’s specific GRC goals and requirements.
