Banking security is moving from confidence to evidence. Can modernized controlseffectively build trust?

Canada's banking and the FI sector as a whole is under pressure to move money faster, share data more widely, rely on more third parties, govern AI effectively, stop fraud in real time, protect personal information and prove resilience under regulatory and public scrutiny.

Datarisk helps Canadian financial institutions and their supplier ecosystem, fintechs, vendors and application providers to identify, measure, and resolve security control gaps before they become compliance violations, project failures, or board-level accountability.

Our team of certified experts address deficiencies identified as part of risk assessments to ensure that supply chains remain resilient and can move toward compliance with confidence, evidence, and precision.

Let's define your requirements together. Start by booking a call with your Risk Advisor.

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^*Closing the control gap

We've done the research and crunched the numbers: Canadian banking cybersecurity, compliance and control gaps are not isolated incidents.

Governance gaps at institutions related to integrity and security pose operational, financial, compliance and reputational risks. Under Guideline B-13 FRFIs should have clear governance, clear accountability, a stable and resilient technology environment, and a secure posture that protects confidentiality, integrity, and availability.

OSFI 2024-2025 Annual Risk Outlook

68% of senior Canadian banking leaders said legacy systems and infrastructure are preventing them from delivering the digital experiences customers expect, 48% cited legacy technology as a major barrier, 40% cited regulatory challenges, and 38% cited lack of a unified strategy or investment.

Publicis Sapient’s Canadian banking survey

There is room for further improvement in Canada's mature cyber ecosystem. What's needed: overarching strategy, better inter-agency coordination, better integration of cyber guidelines into supervisory processes, and deeper analysis of operational interconnectedness across the financial system.

IMF’s 2025 FSAP Technical Note on Canada

36% of senior Canadian banking leaders said their organization had yet to make significant progress executing its transformation plans, and only 26% said they had a fully agile operating model in place across the business.

Publicis Sapient’s Canadian banking survey

Senior banking risk experts indicated that cyber incidents were the top risk for banks, and respondents specifically cited concerns tied to cyber attacks and reliance on third-party service providers.

Bank of Canada's Financial System Survey

Canadian institutions are highly reliant on complex 3rd party networks. The absence of robust regulatory frameworks in many dependencies can lead to inconsistent risk-management controls. Legacy systems and an absence of robust security control frameworks present vulnerabilities.

OSFI 2024-2025 Annual Risk Outlook

In the Canadian FI ecosystem, only 1.5% of Canadian organizations, fintechs and suppliers to the sector are able to demonstrate verifiable evidence of ISO 27001 compliance for their ISMS vs vaguely claiming alignment with the global standard.

Informatica Research 2025

What is Bank-Grade Security?

Datarisk Banking Security solutions are tailored to the needs of the Canadian financial ecosystem.

Canadian FI suppliers, fintechs, vendors, and application providers all face the same pressure: demonstrate security, close control gaps, and preserve trust. Datarisk Banking Security (DBS™) Solutions deliver focused advisory and customizable packages for third-party risk, financial institution readiness, and risk program management, built for Canadian banking auditability, fintech velocity, and regulated decision-making.

Most Popular: TPRM Delta™

Bank-Grade Vendor Risk Assessment

Professional due diligence of vendor security postures means more than glossing over a SOC2 report: It means digging deep into a partner, cloud provider, fintech innovator, or application provider’s risk posture, existing vulnerability stack, ownership structure, past breaches and risk tolerance to establish a clear picture of third-party risk management.

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Verify4FI™ Assessment

Financial Institution Readiness for Vendors and Fintechs

Plan your standardized audit to meet or exceed the expectations of your prospective clients, existing partners or the Canadian public. Earn your Verify Statement of Trust™, Datarisk Canada’s auditor-signed attestation and proudly demonstrate your risk maturity posture.

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RPM™ Project Leadership

Risk Program Management with a Dedicated Risk Advisor

Project failure rates up to 70% are not uncommon in IT and cybersecurity, costing hundreds of millions each year.Quarterback your risk program with deep expertise from a PMP™ certified Datarisk expert and maximize your chances of security project success.

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Building Secure Programs with Datarisk Banking Security™

You Choose How to Structure DBS™ into your Cybersecurity Program

Enforceable
Policies

Review and update your policies to reflect FI sector risk and banking-grade security: third-party risk, acceptable use, privacy compliance, electronic monitoring and compliant with ISO 27001 and PIPEDA to serve as part of communications and training programs.

Effective
Controls

Banking institutions depend on well-designed controls that are effective, auditable and layered. We help financial organizations and their supply chains to address control gaps with resilient, risk-based safeguards that designed for NIST CSF and SOC2 compliance.

Auditable
Processes

Rely on documented procedures and verifiable processes built over more than three decades in the Canadian financial sector, with practical field experience from banking, business continuity, insurtech, enterprise risk, fintech, privacy and other regulated environments.

Successful
Projects

Datarisk’s certified project managers specialize in risk management, AI governance, audit planning, IT security, OT integration, cyberfraud protection, SecDev implementation, privacy program design, vendor risk and supply chain security, cybercrime prevention aligned with PMBOK ™ and ITIL™.

What Topics Should You Ask Your Datarisk Advisor About?

Measure our policy enforcement.
Assess and close control gaps.
Define stronger processes.

Estimate project success.
Provide an independent attestation.
Build evidence packages.

Contain data exposure.
Reduce overall program costs.
Extend our team's capabilities.

Get started

Why Trust Datarisk's PMP® Certified Cybersecurity Experts?

Our PMP® certified project managers are recognized experts in the application of PMBOK principles to cybersecurity, compliance and IT governance projects. Risk Project Management (RPM™) is the only service that uses dynamic analysis to minimize project risk, offering transitions to mature process implementation and program management. Interested in compliance? Ask your Risk Advisor about Privacy by ReDesign™ or contact us to request a tailored project management roadmap and proactively address risks, optimize resource allocation, and enhance project success rates with RPM™.

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Standardized control packages.
Built for banking reality.

Our control packages are precisely designed to help organizations organize cybersecurity compliance and risk management into achievable packages that are easily implemented, monitored and audited. Datarisk Banking Security (DBS™) Solutions translate broad requirements into standardized control objectives across three key areas of GRC critical to the financial sector in Canada.

Governance and Accountability

Roles, ownership, board reporting, risk appetite, escalation, policy structure.

Show clients, partners, and investors that you're secure and audit-ready.

Ideal for:

New market entry
Product launches
Competitive differentiation
Investor presentations

Get Started

Registration takes just 15 minutes

Cybersecurity and Resilience

Access control, monitoring, incident response, vulnerability management, backup, recovery, secure configuration.

Proactively deliver the proof your clients, partners, and regulators expect.

Ideal for:

Enterprise client relationships
Government contracting
Supply chain requirements
RFP responses

Get Started

Registration takes just 15 minutes

Privacy and Data Protection

Personal information handling, retention, consent, data minimization, breach readiness, cross-border and vendor data flows.

ask about our rapid remediation capabilities, preliminary PIA and Committee leadership services

Perfect when:

You need results quickly
Budget is approved
Market timing is right

Get Started

Registration takes just 15 minutes

Client Testimonials

What our clients say about our Datarisk Banking Security, Risk Assessments and Control Remediation Programs

“Your session was incredibly well-received, and the feedback was overwhelmingly positive. We're thrilled with the success and are always pleased for the opportunity to work with you.”

“During the years that we have worked with Datarisk Canada, our credit union has seen exceptional improvements in risk management, compliance and cybersecurity.”

“Their PPIA flagged a consent issue before launch. The full PIA mapped data flows to GDPR and PIPEDA, and our marketing app shipped on time without rework.”

“We needed NIST CSF alignment for a public-sector bid. Verify™ ran remote interviews, validated our controls, and delivered a gap-to-roadmap matrix the procurement team loved.”

Simple, Transparent Pricing

Datarisk Banking Security (DBS™) solutions come with a fixed price guarantee. We base savings on equivalent FTE value so you never pay more, but often receive discounts for existing evidence of risk maturity and compliance programs, including valid reports and applicable documentation that help to further reduce our team’s effort.

Banking security is moving from confidence to evidence. Can modernized controlseffectively build trust?

^*Closing the control gap

We've done the research and crunched the numbers: Canadian banking cybersecurity, compliance and control gaps are not isolated incidents.