The most regulated sector we serve, and the one attackers price highest. Sophos controls mapped to OSFI B-13, the GLBA Safeguards Rule and NYDFS Part 500, sized for firms in Canada and the United States. Sophos Silver Partner. Offices in Markham, Ontario and Dallas, Texas. Quotes in CAD and USD, shipping to Canada and the United States. What the breach data says about this sector. Every figure links to its source at the foot of the page. The 2026 DBIR notes the finance sector "continues to be heavily targeted by financially motivated external attackers." Figures shown are the all-industry 2026 DBIR baselines. The same four stages appear in nearly every breach. Each stage below shows what it looks like in this sector and the control that breaks the chain. A spoofed or hijacked mailbox changing payment instructions is the most direct loss in this sector. Email protection and MFA are the two controls that stop it. Client files and loan records are exfiltrated before encryption, turning an outage into a privacy breach with regulator notification. Advisors and staff with access to client accounts are targeted for their credentials. Dormant and privileged accounts are the usual gap. Core banking, portfolio and CRM vendors hold standing access. Third parties were in 48% of all breaches in the 2026 DBIR. OSFI, the FTC and NYDFS all expect logs, incident timelines and tested restoration. A SIEM with retention is the difference between a finding and a pass. The rules and expectations that shape a security purchase in this sector, in both countries. Status is as of September 2026; check the linked source before relying on a date. Each product is tagged with the NIST Cybersecurity Framework 2.0 function it serves, so the list can go straight onto a questionnaire. 24/7 detection and response with analysts who act on your behalf, the control every regulator on this list asks about first. Long-term log retention and compliance reporting across firewall, endpoint, identity and email. Continuous identity posture for Entra ID and Active Directory: MFA gaps, privileged sprawl, dormant accounts. Impersonation, look-alike domain and payment-fraud protection for client-facing mailboxes. IPS, TLS inspection, VPN and SD-WAN with an HA pair at head office. Ransomware rollback and credential-theft prevention on every workstation and server. Per-application access for remote advisors and third-party administrators instead of a flat VPN. Shared vaults and enforced MFA for the accounts a firm cannot federate. A credit union with a head office, four branches, about 90 staff and a hosted core banking platform would typically run: Licenses are sold in 1, 2 or 3-year terms or month to month through Nuformat. Hardware is bought outright or as Hardware as a Service. Every quote states the currency. Send us your site list, user count and any questionnaire you have been given. A Nuformat specialist maps the products to it and returns a quote within two to three business days. Available in Canada and the USA. Sophos Silver Partner. B-13 asks for governance, asset management, detection and response, and incident reporting. Sophos MDR Plus covers detection and response, Next-Gen SIEM covers logging and reporting, ITDR and Endpoint cover identity and device controls, and Managed Risk covers asset and vulnerability visibility. Nuformat provides the mapping with the quote. If the firm is a non-bank financial institution under GLBA, such as a lender, broker, advisor or auto dealer, yes. It requires a written program, MFA, encryption, monitoring and FTC notification of breaches affecting 500 or more people. Three controls together: Sophos Email Plus to block impersonation and look-alike domains, MFA on every mailbox so stolen passwords do not work, and a call-back rule for any change of payment instructions. Nuformat supplies the first two. Canada's Critical Cyber Systems Protection Act received Royal Assent on June 16, 2026. It applies to designated operators in finance, telecommunications, energy and transportation as regulations are phased in; smaller firms are more likely to feel it through their banking partners' vendor requirements. Yes. Nuformat is a Sophos Silver Partner with offices in Markham, Ontario and Dallas, Texas, quoting in CAD and USD.Cybersecurity for credit unions, advisors, lenders and insurers.
The risk in numbers
How an attack unfolds here, and where Sophos stops it
What is at risk in financial
Business email compromise and wire fraud
Ransomware with data theft
Identity attacks
Third-party and core-system vendors
Evidence for the regulator
What you have to comply with
Where Rule or expectation What it asks for Canada OSFI Guideline B-13, Technology and Cyber Risk Management Federally regulated financial institutions must govern technology and cyber risk, maintain asset inventories, detect and respond to incidents, and report material incidents. Effective January 1, 2024. Source Canada Bill C-8, Critical Cyber Systems Protection Act Received Royal Assent June 16, 2026. Designated operators in finance, telecommunications, energy and transportation will need cyber security programs and incident reporting as regulations are phased in. Source United States FTC Safeguards Rule (GLBA), 16 CFR Part 314 Non-bank financial institutions (lenders, brokers, advisors, dealers) need a written security program, MFA, encryption, monitoring and, since May 2024, FTC notification of breaches affecting 500 or more people. Source United States, New York NYDFS 23 NYCRR Part 500 Licensed entities need MFA, asset inventories, monitoring, incident reporting within 72 hours and annual certification; amended requirements phased in through 2025. Source Both PCI DSS v4.0.1 Any firm that handles card payments; future-dated requirements became mandatory March 31, 2025. Source The Sophos stack for financial
Sophos MDR Plus
Sophos Next-Gen SIEM
Sophos ITDR
Sophos Email Plus
Sophos XGS firewall
Sophos Endpoint
Sophos ZTNA
1Password Business
A worked example: a credit union with four branches
Where What runs there Head office XGS 2300 HA pair with Xstream, Sophos Endpoint on servers and PCs, MDR Plus, Next-Gen SIEM Four branches XGS 118 with Xstream, AP6 access points, SD-WAN to head office Identities ITDR on Entra ID and Active Directory; 1Password Business for shared accounts Mailboxes Sophos Email Plus plus MFA Vendors and remote staff Sophos ZTNA, per application Records and Microsoft 365 Cove backup with a tested restore Get this sized and quoted for your organization
Frequently asked questions
Which Sophos products map to OSFI B-13?
Does the FTC Safeguards Rule apply to a small advisory firm?
How do we stop wire-fraud emails?
What is Bill C-8 and does it affect us?
Do you quote for both Canadian and US firms?
Industries · Financial services · Canada and USA
In plain terms: Financial firms are hit by the same ransomware and credential attacks as everyone else, with two differences: the regulator expects evidence of the controls, and a wire-fraud email costs real money the same afternoon. Detection, response and logs are not optional here.
48%
of breaches involved ransomware (all industries)
Verizon 2026 Data Breach Investigations Report
48%
of breaches involved a third party (all industries)
Verizon 2026 Data Breach Investigations Report
31%
of breaches began with an exploited vulnerability (all industries)
Verizon 2026 Data Breach Investigations Report
62%
of breaches involved the human element (all industries)
Verizon 2026 Data Breach Investigations Report
1Entry
What happensPhished credentials or an exposed remote portal
What stops itSophos Email Plus; ITDR flags MFA gaps; XGS firewall with IPS
2Foothold
What happensAn advisor's workstation
What stops itSophos Endpoint blocks exploits and credential theft tools
3Spread
What happensToward file servers, CRM and email
What stops itNDR and XDR see lateral movement; firewall segmentation
4Impact
What happensWire fraud, encryption, data theft
What stops itMDR Plus responds 24/7; Next-Gen SIEM keeps the evidence; Cove restores
Respond
Detect
Detect
Protect
Protect
Protect
Protect
Protect
Sources