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Industry Focus

Financial Services

APRA CPS 234/SOC 2 Type II mandates independent security testing. HackLabs delivers the rigorous offensive security assurance that Australian banks, insurers, and superannuation funds require.

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Threat Landscape

Cyber Threats Facing Financial Services

Understanding the threat landscape is the first step to building resilience. Here's what's targeting your sector right now.

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Core Banking Ransomware

Criminal groups target financial institutions for maximum ransom leverage, knowing system downtime directly impacts revenue and customer trust.

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Card & Payment Fraud

Web skimming attacks on payment pages, POS malware, and card data theft remain major threats to financial institutions and their customers.

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Business Email Compromise

Sophisticated BEC campaigns targeting finance teams to redirect high-value wire transfers, with Australian losses exceeding $227M annually.

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Banking Trojans & Credential Theft

Malware specifically designed to steal online banking credentials, intercept 2FA, and conduct fraudulent transactions from victim accounts.

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SWIFTNet Attacks

Nation-state actors have targeted SWIFT messaging infrastructure at financial institutions globally โ€” Australian banks are not immune.

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Third-Party & Supply Chain Risk

Financial institutions' extensive vendor ecosystems create significant supply chain risk โ€” a single compromised vendor can expose customer data at scale.

Regulatory Requirements

Compliance & Frameworks

HackLabs helps Financial Services organisations meet their mandatory security obligations and go beyond compliance to genuine security uplift.

  • โœ“APRA CPS 234/SOC 2 Type II โ€” Mandatory information security requirements for all APRA-regulated entities โ€” requires independent penetration testing
  • โœ“APRA CPS 230 โ€” Operational Risk Management โ€” requires robust controls and incident response capability
  • โœ“PCI DSS โ€” Payment Card Industry Data Security Standard โ€” mandatory for entities processing, storing, or transmitting card data
  • โœ“CFR / CORIE โ€” Council of Financial Regulators intelligence-led cyber exercises for systemically important institutions
  • โœ“ASIC RG 255 โ€” ASIC guidance on cyber resilience for market operators and infrastructure providers
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Need a compliance assessment?

Our experienced consultants have delivered hundreds of assessments across Financial Services organisations in Australia.

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Our Services

How HackLabs Protects Financial Services

Specialised offensive security services tailored to the unique risks and requirements of your sector.

Why HackLabs

Australia's Trusted Security Partner

CREST
Certified & Accredited
20+
Years Experience
500+
Engagements Delivered
100%
US & AU Operations
Case Study

Major Australian Bank โ€” APRA CPS 234/SOC 2 Type II Penetration Testing

An ASX-listed bank engaged HackLabs to fulfil APRA CPS 234/SOC 2 Type II independent testing requirements across their core banking, internet banking, and API platforms. Testing revealed a critical authentication bypass in their mobile banking API that could allow account takeover. The finding was remediated before exploitation and the bank achieved clean CPS 234 attestation.

Critical
Auth Bypass Found
72hrs
Time to Remediation
CPS 234
Attestation Achieved

Meet your APRA CPS 234/SOC 2 Type II obligations with confidence.

Talk to a HackLabs expert about your specific security challenges. No obligation.

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