Cyber Security Maturity and Risk Assessment
Enabling Banks to Strengthen Security
Elements offers a comprehensive Cybersecurity Maturity and Risk Assessment Solution to manage risks and ensure compliance with stringent regulatory frameworks. This solution empowers financial institutions to identify vulnerabilities, assess risks, and enhance their cybersecurity posture while aligning with industry best practices.
Key Business Benefits You’ll Realize
Partnering with Elements for Talent Scaling delivers measurable ROI and strategic value:
Enhanced Security
Better manage threat and outcome of cyber incidents by knowing and planning for potential vulnerabilities.
Improved Compliance
Ensuring adherence to regulatory frameworks lowers the risk of fines and legal penalties by 50%.
Operational Resilience
Strengthening incident response strategies reduces downtime by up to 40%.
Cost Efficiency
Implementing a risk-based security investment approach can lower cybersecurity spending waste by 30%.
Stakeholder Confidence
A well-established cybersecurity framework increases trust among customers, partners, and regulators.
Modern Business Challenges Demand a Smarter Approach
Banks face increasing pressure to defend against sophisticated cyber threats while meeting evolving regulatory expectations. However, many struggle with fragmented security postures, lack of visibility into risk exposure, and outdated frameworks that fail to adapt to modern threat landscapes.
Common pain points we solve:
- Security Risks : Increasingly sophisticated cyber threats targeting financial institutions.
- Regulatory Compliance : Regulatory pressures to comply with standards like ISO 27001, PCI DSS, and FFIEC guidelines.
- Resource Allocation : Limited resources and expertise for conducting in-depth security assessments.
- Lack of Insight : Need for actionable insights to enhance cybersecurity maturity and risk management.
Cyber Security Maturity and Risk
Assessment Solutions
Cyber Security Maturity Assessment
The Maturity Assessment is an in-depth evaluation of your cyber security readiness and a detailed assessment of security framework and maturity.
Our solution:
- Identifies Vulnerabilities
- Protect Data
- Maintain Regulatory Compliance
- Enable Security Planning
Cyber Security Risk Assessment
The risk assessment is a continuous system evaluation of potential threats, vulnerabilities, and impact of risk to enable decision making and risk management.
Our Solution provides:
- Risk Identification
- Proactive Risk Management
- Resource Allocation
- Continuous Monitoring and Planning
Core Use Cases
Maturity Assessment (Fintech)
Maturity assessment with audit yielded real-time visibility, rectified misconfigurations, and secured a compliant, scalable cloud environment.
Data Privacy (Fintech)
Regulatory gap analysis and assessment yielded requisite compliance with multiple regulations, enhanced customer confidence, and enabled seamless, global expansion.
Maturity Assessment (Tech)
Challenges with mobile app security. Maturity assessment and penetration testing yielded improved reliability, a secure app launch, improved user adoption, and enhanced brand reputation.
Risk Assessment (Bank)
Risk of insider threats and vulnerabilities in digital banking platform leading to fraud exposure. Behavior analysis, access policy, employee training and application security testing yielded reduction of insider threats, resolved vulnerabilities, improved regulatory compliance, and enhanced customer confidence.
Regulatory (Fintech)
Challenges in complying with PCI DSS standards jeopardized partnerships with payment processors and created customer card data exposure. Risk assessment and penetration testing provided incident response plan, enabling partnerships with payment processors, resulting in customer and business growth.
Ready to Optimize Your Business Operations?
Reach out today to evaluate and enhance your cyber security maturity
Frequently Asked Questions
What is Element’s Cybersecurity Maturity and Risk Assessment solution?
Element’s solution helps banks evaluate the strength of their cybersecurity posture, identify gaps across people, processes, and technology, and benchmark their maturity against industry standards like NIST, ISO 27001, and FFIEC. It enables informed decision-making for risk mitigation and compliance readiness.
How does this solution assess cybersecurity maturity?
We use a structured framework to evaluate multiple domains including governance, access controls, incident response, threat detection, third-party risk, and employee awareness. Each domain is scored for maturity and risk, helping organizations identify weak spots and prioritize improvements.
Can the assessment be tailored to our specific regulatory or business requirements?
Yes. Element customizes the assessment to align with your internal policies, regulatory obligations, and business context. Whether you’re preparing for an audit or strengthening resilience, we ensure the framework is relevant and actionable.
What type of output or deliverables can we expect from the assessment?
You receive a detailed risk and maturity report with domain-level scoring, heatmaps, prioritized remediation recommendations, and an executive summary. The report is designed for both technical and non-technical stakeholders and can support board-level reporting.
How often should banks perform this type of assessment?
We recommend conducting a maturity and risk assessment annually, or after significant organizational changes, new regulations, or major security incidents. Regular assessments help track progress, adapt strategies, and maintain a proactive security posture.