Sovereign Bank announced it has partnered with Cypfer, a cybersecurity company, to improve its security on its digital platforms. The company will help improve the safety of customer data, transactions and its overall digital infrastructure, according to a press release.
In particular, Cypfer will address key threats such as ransomware, phishing scams and other issues by implementing advanced tools.
“The safety of our customers’ financial data is our highest priority,” James Lau, CEO of Sovereign Bank, said in the release. “As cyber threats evolve, we are committed to staying ahead of the curve. By engaging with CYPFER, we enhance our defenses, ensuring our clients’ transactions and sensitive information remain secure and confidential.”
“We are honored to collaborate with Sovereign Bank to deliver advanced cybersecurity strategies,” Daniel Tobok, CEO of Cypfer, said in the release. “This effort protects their clients and business from emerging threats while maintaining trust in an increasingly digital world.”
