Essential Cybersecurity Checklist and Tips for Banks and Financial Institutions

  • Saurabh Sharma
  • Sep 8, 2023
  • 15 Min Read
Essential Cybersecurity Checklist and Tips

Article posted by

Saurabh Sharma

VP of Engineering

VP of Engineering at Closeloop, a seasoned technology guru and a rational individual, who we call the captain of the Closeloop team. He writes about technology, software tools, trends, and everything in between. He is brilliant at the coding game and a go-to person for software strategy and development. He is proactive, analytical, and responsible. Besides accomplishing his duties, you can find him conversing with people, sharing ideas, and solving puzzles.

Let’s Connect

Banks and financial institutions store sensitive customer information such as social security numbers, bank account details, and credit/debit card data, often targeted by cybercriminals for identity theft, fraud, or other illicit purposes. If successful cyber attackers gain access to this data, they could engage in identity theft schemes that result in financial losses to both the bank and customer alike and reputational damage that leads to legal liabilities for both.

Due to an explosion of cyber attacks, businesses must create effective cybersecurity incident response plans and regularly test these in a simulation environment to ensure they hold water.

Financial industry compliance mandates protect customers. Cybercriminals have historically targeted banking and are subject to various government-mandated cybersecurity policies that must be observed. Working with an expert cybersecurity consulting services provider like Closeloop makes the process fast and straightforward, but you can also take some simple steps on your own.

Accenture released a report showing that over the past 12 months, banks experienced an average of 85 serious breach attempts per bank annually, and 36% revealed they had stolen data, taking an average of 59 days to detect an attack despite offering substantial financial rewards to cyber-criminals. Banks continue to be targeted due to this reality.

What Is Cybersecurity?

Cybersecurity protects digital systems, networks, and data against unauthorized access, theft, or damage by taking measures and technologies that ensure confidentiality, integrity, and availability of stored and processed information stored and processed on computer systems. Three critical components of cybersecurity include:

  • Prevention involves taking measures to ward off unauthorized access or breaches

  • Detection consists of identifying threats and vulnerabilities within systems

  • The response involves taking necessary actions in response to any security incidents that might arise.

Critical Components of a Cybersecurity Strategy

Employing robust and secure cybersecurity consulting solutions is essential for businesses and organizations to protect digital assets, maintain customer trust, comply with regulations, and meet compliance needs. Here are the basic essential elements found within an effective cybersecurity plan:

  • Risk Analysis: Understanding your organization's risks is at the core of an effective cybersecurity strategy. Conduct a complete risk analysis to identify any threats, vulnerabilities, or impacts to help prioritize efforts and allocate resources efficiently.

  • Security Policies and Procedures: Create clear, comprehensive security policies and procedures that outline employee roles and responsibilities, acceptable technology use practices, and steps taken should an incident arise. Review these regularly so they reflect changes to technology or threats landscape.

  • Network and Endpoint Security: Implement strong network and endpoint security measures such as firewalls, intrusion detection and prevention systems, antimalware software, and secure Wi-Fi access points to ensure network and endpoint safety. Regularly patch software updates or releases to address known vulnerabilities.

  • Access Controls: Implement strict access controls to limit access to sensitive information and systems, with role-based access control mechanisms, multi-factor authentication systems, and regular audits of user privileges in place to reduce any chance of unapproved entry or use. This should help avoid accidental or unwanted private or sensitive data intrusion by third parties.

  • Data Encryption: Protect sensitive data at rest and transit with encryption for extra security against unlawful parties and attackers who attempt to gain entry. Encrypting sensitive files makes access more challenging, thus increasing overall protection from threats that threaten sensitive information.

  • Incident Response Plan (IRP): Create an incident response plan outlining your organization's steps should there be any security breach, outlining communication protocols, roles, and responsibilities, as well as guidelines for remediation and recovery. This should provide for maximum response capacity during an incident response event.

  • Third-Party Risk Management: Evaluate the cybersecurity posture of third-party vendors and partners that might pose vulnerabilities to your organization's security, creating strict requirements and regularly checking compliance of these third parties.

By including these essential components in its cybersecurity plan, your organization will be better prepared to protect its digital assets, build customer trust, and limit costly security incidents.

Importance of Cyber Security in Business

Businesses face increasing threats related to fintech services risks, with growing dependence on technological systems in society and data leakage exposing sensitive personal information publicly published across different social media channels. This results in identity theft becoming ever more prominent.

Sensitive information such as credit card data, social security numbers, and bank account details are increasingly stored on cloud storage services like Google Drive and Dropbox - making it more straightforward for cybercriminals to exploit them for illicit gain.

At its core lies a harsh reality: every individual, small business, and multinational giant alike rely on computer networks every day, be they personal, trade, or otherwise. Cloud services with inadequate protection smartphones connected via IoT technologies, as multiple potential security holes were never before an issue until recently.

Thus, governments worldwide prioritize cybercrimes by raising awareness among organizations of proper security precautions for small businesses.

How Has Cybercrime Evolved?

Cybercrime has reached an all-time high as cyber-attacks become increasingly frequent and targeted. According to Accenture and Ponemon Institute's Ninth Annual Cost of Cybercrime Study, average costs associated with cybercrime for organizations have increased by $1.4 Million year-on-year to reach $13.0 Million; at the same time, data breaches rose 11% year on year from 145 cases recorded last year to 171.

Criminals have increasingly focused on businesses' information stored by thieves; information theft is one of the costliest and fastest-growing types of cybercrime. This trend can be partly attributed to companies storing identifiable data through cloud services, which increases exposure. Although theft may be their ultimate aim, other methods include altering or destroying files with the goal of sowing mistrust in organizations or governments.

Social engineering remains one of the primary forms of cyberattack, with ransomware and phishing attacks as popular methods to gain entry to businesses' critical systems and networks. Third-party risk is on the rise as criminals target third or fourth-party vendors like IT Consulting services providers for access to companies they work with; all this has only increased the urgency and significance of cybersecurity management measures among organizations.

What Are the Consequences of Cybercrime?

Many factors contribute to the cost of cybercrime, one such cause being a need for more focus on cybersecurity best practices.

Economic Costs

Intellectual property theft, corporate information leakage, trade disruption, and repair costs of damaged systems all pose substantial threats.

Reputational Damage

Once their data has been compromised, customers may quickly lose trust in your ability to keep it secure in the future - leading them away from you and towards competitors instead of you and reducing revenue accordingly. Cyber attacks can cause irreparable harm both to reputations and bottom lines alike.

Loss of Business Data

Cyber attackers don't discriminate regarding what types of data they steal for identity theft purposes - whether customer records for customer account takeover purposes, intellectual property theft, employee records for strategic planning, or employee hacked during employee theft incidents.

Intellectual property theft can be brutal to recover from; you are losing potential income-generating ideas that have already been developed and all the money spent growing them in the first place.

Financial Costs

Cyber attacks often leave their victims financially devastated. Ransomware attacks hold data for ransom until a significant fee is paid - in many instances, even after having spent, the data remains irretrievable, leading to crippled business operations and outflow costs associated with recovering this data.

Regulatory Costs

GDPR and other data breach laws could expose your organization to regulatory fines or sanctions due to cybercrimes.

Businesses of any size must ensure all staff understand cybersecurity threats and how to mitigate them, with regular training programs and frameworks that strive to minimize data leakage or breach risk.

Due to cybercrime's challenging nature and difficulty of detection, its costs can often remain unknown, and indirect costs of security breaches are hard to ascertain. But that does not negate reputational damage associated with even minor data breaches or security incidents from becoming serious threats over time; consumers expect ever more sophisticated cybersecurity measures from businesses they patronize.

Common Types of Cyber Attacks

Organizations face numerous types of cybersecurity attacks. Below are examples of some common ones:

Advanced Persistent Threat (APT)

In this type of APT attack, hackers gain entry to networks over an extended period to obtain confidential data they hold as soon as they gain access.

Malware Attacks

Malware attacks refer to malicious software that infiltrates computers and devices with viruses, trojans, and worms to cause significant harm and steal personal information from systems or networks. Malware can wreak havoc across systems or networks while accessing or exfiltrating critical systems and information systems containing valuable assets or confidential documents.

Phishing Attacks

Phishing attacks are attempts by fraudsters to obtain sensitive data such as passwords, credit card details, and personal details for financial gain through emails, texts, and phone calls that appear legitimate and purport to originate from legitimate sources.

Denial of Service (DOS)

DDoS attacks involve flooding networks with traffic to unwittingly leave legitimate requests unattended and leave honest services without assistance. A variant is distributed denial of service (DDOS), where multiple systems collaborate in carrying out this attack.

SQL Injection

A hacker manipulates a standard SQL query on a database-driven website through SQL Injection attacks, where an attacker inserts malicious SQL code directly into an app's input fields or parameters before having them executed by its backend database.


Cryptojacking is an act of cybercrime in which an attacker knowingly utilizes another individual or organization's computing resources for mining cryptocurrency illegally.

High-powered computer systems are necessary for crypto mining, so hackers often target such computers and hack them, typically beginning as a phishing attack and running crypto mining scripts in the background - these attacks do not typically compromise computers, victims' data, or services; instead, they consume CPU processing resources and deplete their resources as processing power is consumed for mining cryptocurrency.

Checklist for Banks and Financial Institutions

As cloud technology becomes ever more pervasive, data can now be accessed anywhere on any device from anywhere - making security considerations vitally crucial in these environments. Companies need to consider carefully:

  • How can they measure and monitor security on an ongoing basis in their cloud environment?

  • How should this process take place daily?

  • What Does Security Compliance Represent?

  • Do They Measure Security Propositions for Resources? And if yes, do They have tools and personnel to assess security levels within these resources, including understanding technology in case of compromise or attack?

  • Does their business have an effective security monitoring plan in place at multiple levels of service delivery?

Cybersecurity threats in today's digital environment have grown increasingly complex and sophisticated, necessitating banks and financial institutions to implement comprehensive fintech development services backed up with security frameworks that counter these evolving cyber threats.

Zero Trust Model

At first, everyone came into one central place--an office--for monitoring purposes. Now, though, as they move into cloud services like AWS or Microsoft Azure, they need some means of keeping tabs on everything going wrong with apps moving out into multiple cloud providers (A, Microsoft Azure, etc.) and then having one centralized way of tracking and monitoring this whole situation more easily than before compared to before!

Today, more and more businesses are adopting the Zero Trust Model into their infrastructure.

The Zero Trust model is a security framework and approach that relies on no trust for any user, device, or network component inside and outside an organization's perimeter. Instead of depending on traditional network boundaries for protection, zero-trust requires users and devices to undergo an authentication process regardless of location or network connection status; continuous monitoring with access control measures in place and least privilege principles are critical features of the zero-trust security model.

Zero Trust rests upon certain principles as its foundation:

Multi-Factor Authentication

MFA or Multi-Factor Authentication enshrines one of the fundamental tenets of Zero Trust. MFA provides robust protection from data breaches in several access control systems and applications, helping ensure user privacy is preserved at all costs.

As proposed by multi-factor authentication, any time someone attempts to access a resource, they must first be authenticated through multi-factor authentication - meaning not simply using their corporate username and password for login but using another form of verification such as authenticator apps on phones, etc).

Network Segmentation

When operating a corporate network, its network must be segmented into several smaller chunks or segments for safety purposes and isolation from one another. If any one component were compromised due to an attack, then others remain undisturbed by this event.

To properly implement and comprehend it, knowledge of existing architecture is necessary to divide it into smaller segments more efficiently.

Limit Access Time

Another principle involves limited access time. Depending on your system configuration, users will only gain entry for an assigned period.

Establish Risks

Work closely with your chief information officer (CIO) to identify top cybersecurity risks and develop mitigation policies. Employee training on best cybersecurity practices and informing clients on protecting their private and financial data is also vitally important.

Make it part of your routine to conduct tests on and update the security systems you rely upon to minimize cyber attacks. By being proactive with security measures, you could successfully avoid many attacks from occurring in the first place.

Mitigate Damage

A security breach in your finance department can cost both money and reputation, but there are ways you can mitigate its damage. Clarifying your IRP so employees and partners know their responsibilities should an attack take place.

Establish safeguards to minimize any possible harm from cybercriminals who target your business, and assign employees with one point of contact to whom they should report any signs of potential cyberattack.

Reassess Vulnerabilities

An essential step of cybersecurity practices should include regularly reassessing vulnerable areas. Monitor systems for possible attacks and perform security audits after significant transactions to keep systems reliable and updated. If potential, partner with a cybersecurity provider to run complete assessments to see which vulnerabilities exist within your systems that could expose them to attacks.

Train Employees

Provide employees with knowledge of cybersecurity best practices and data protection principles. As employees are usually the first line of defense against cyber attacks, training them on these threats and handling them properly is vitally important.

Regular Risk Assessments

Perform regular risk analyses to identify vulnerabilities, including software and hardware updates, penetration testing, and network traffic for any strange activity or abnormal behavior on a network.


By employing encryption to safeguard all sensitive information in transit and at rest - including on servers, laptops, and mobile devices -sensitive information remains safe from prying eyes and attacks.

Plan Regular Backup and Disaster Recovery Plans

Businesses must create regular backup and disaster recovery plans in case of cyber attacks and test these regularly to verify they work as intended.

Implement Firewalls and Antivirus Software

Implement firewalls and antivirus software to defend against cyber threats like malware and viruses, keeping up-to-date with security patches as they arrive.

Implement Secure Payment Systems

Secure payment systems are vital in protecting customer information during transactions and ensuring they adhere to industry regulations such as PCI DSS (Payment Card Industry Data Security Standard).

Cloud Security

Businesses increasingly realize the many productivity and efficiency gains by migrating virtualized assets and workloads to public cloud environments, as these environments become prime targets for hackers.

As part of your partnership with a public cloud provider, it's critical that you fully comprehend your cyber security obligations within a shared responsibility model. While the cloud provider assumes primary responsibility for safeguarding its environment, you protect assets stored inside.


Cybersecurity processes usually include numerous manual processes. Automating these tasks not only streamlines and makes your operation more efficient (allowing you to invest those savings elsewhere), but it can also significantly reduce human error - helping detect legitimate security alerts more quickly, taking appropriate actions against any threats before hackers have the opportunity to steal and exfiltrate sensitive data from you.

Ongoing Monitoring

As cyber security solutions evolve to combat modern threats, cyber attackers have adjusted by developing advanced tools like artificial intelligence to exploit vulnerabilities more successfully and breach insecure networks. This requires continuous monitoring.

Establish processes and personnel who regularly evaluate your cyber security stack for new vulnerabilities while staying abreast of cyber security developments. Gathering this data may enable upgrades or patch each vulnerability as soon as it emerges.

Strong Password Protection

Employee negligence is often at the root of successful cybersecurity attacks. With improper password practices easily exploitable by hackers, hackers could exploit them to break into bank accounts, enterprise apps, and company devices owned by their employer.

Train employees on how to avoid common password pitfalls (using common words or phrases, sharing passwords with untrustworthy parties, and reusing passwords across multiple accounts) while creating stronger passwords with symbols, numbers, and upper and lower case letters for added protection.

Multi-Factor Authentication

Multi-factor authentication provides companies and their employees with another layer of protection when accessing company apps, portals, emails, or other access points that utilize this authentication technique. When trying to gain entry via multi-factor authentication-enabled accounts, users will be asked to prove their authorization using multiple means - in addition to traditional login credentials they should already recognize in the system; they may also receive an auth code sent directly to their phone number or email.

Data Backups

No matter our best efforts to stop all attacks from happening, cybercriminals sometimes succeed in breaching systems and stealing data. To limit damage from an unsuccessful attack attempt by taking preventative steps before it happens.

Routine data backup and storage in an off-site, secure location is vitally important to protecting both enterprise and consumer information from being stolen by hackers, thus decreasing their leverage for demanding pricey ransom payments from you. Furthermore, such preparation helps bolster any post-attack recovery plans necessary for swift business recovery efforts.

Cyber Security Software

While finding the appropriate cyber security solution will depend on your specific business objectives and requirements, any right solution should provide all the tools necessary for centralizing security detection and response tasks and streamlining them effectively.

Combine it with antivirus software for maximum efficiency! A top-quality cyber security solution should allow your teams to sift through and analyze log information quickly to identify genuine security threats so your resources can be prioritized accordingly for faster response times.

The Key Takeaway

Organizations should proactively safeguard their systems and customer data against cyber threats to secure financial assets, uphold customer trust, abide by regulations, protect sensitive data securely, ensure operational continuity, and strengthen overall financial ecosystem security.

However, this requires constant monitoring, identification of emerging threats, and investment in cybersecurity technologies and secure fintech services that ensure user data safety.

Closeloop offers expert cybersecurity guidance that can assist in creating the cybersecurity checklist your company requires, with our knowledgeable team designing tailored solutions based on your unique specifications. Reach out today.


Latest Technology Insightstitle icon

Stay abreast of what’s trending in the world of software development with our well-researched and curated technology blogs.

Digital Transformations for Companies

Digital Transformations for Companies to Stay in the Game in 2024 & Beyond

Digital transformation is becoming increasingly important as it helps the companies keep up wit…

Renewable Energy Companies Making Software for Sustainability

How Are Renewable Energy Companies Making Software for Sustainability?

In today's world, sustainable energy sources are a pressing necessity. We are racing against ti…


Accelerate Retail Business Performance with Adobe Magento eCommerce Services

Retail is experiencing unprecedented change in today's rapidly evolving digital environment. On…


What, Where, and Why NetSuite Integration Guide for 2024

Businesses are always searching for innovative ways to improve efficiency and streamline operat…


Best Practices to Consider in 2024 for Data Warehousing

The importance of efficient data management and analytics is more apparent than ever in an age …


Cost, Features, and More A Comprehensive Guide for Job Portal App Development

Modern employment markets are constantly shifting as digital technology changes our world and j…


Useful Tips to Consider for Hiring Salesforce Developers

Staying ahead in today's intensely competitive business landscape requires harnessing modern te…

Key Techniques for Custom Software Development Project Analysis

Project Analysis in Custom Software Development: Key Techniques

Whether a small business, an SME, or a start-up, custom software solutions are a must-have. The…

Laravel SaaS Application Examples

Laravel SaaS Examples in USA 2024

2024 will see further advances in web app development, mainly through software as a Servic…


Predictions AI 2024. Explore The Biggest Business Trends

Artificial Intelligence has evolved rapidly and spread across many industries over the past few…

CRM Examples for Businesses 2024

CRM Examples - Customer Relationship Management for Your Business 2024

Running a successful business can be like having an enormous fan base that you need to manage e…

 AWS vs Azure vs Google Cloud Platform

AWS vs Azure vs GCP: Comparing The Big 3 Cloud Platforms

Cloud computing has transformed how we work and brought about an exhilarating era of technologi…

Challenges Involved In Adopting Generative AI Technology

Current Challenges Involved In Adopting Generative AI Technology

In an increasingly fast-evolving technological landscape, companies continue to search for ways…

Top Healthcare App Ideas in 2024

10 Top-notch Healthcare App Ideas in 2024

Healthcare is one of the fastest-evolving and expanding business sectors today. Building a heal…

Node js-vs-React-Which-one-to-Choose-for-Web-App-Development

Node.js vs React Which one to Choose for Web App Development

The vast application and adoption of web technologies attests to their importance, contributing…


The Future Of Artificial Intelligence: A Detailed Guide

If the future of AI seems unpredictable, that may be because current innovations in this field …


How to Hire Software Agency if You Don't Have Technical Expertise

Global developer numbers will reach 28.7 million by 2024 - an increase of 3.2 million from 2020…

HR Software Development Challenges

HR Software Development Challenges and Cost Explained

Human Resources (HR) are something nearly all businesses rely on for survival. From small start…

The Full Guide to Healthcare CRM Software Development in 2024

The Full Guide to Healthcare CRM Software Development in 2024

Healthcare customer relationship management (CRM) software has seen tremendous growth over the …

Prototype- vs-MVP-Which-One-Do-You-Need

Prototype vs. MVP Which One Do You Need

Prototypes and Minimum Viable Products (MVPs) are an integral component of product development.…


mHealth Applications A Substantial Tech Innovation in Healthcare Industry

The market for healthcare software solutions was worth an estimated $11.5 billion in 2014 and i…


How Digital Transformation is Shaping Future of Global Indirect Tax Systems

Economic incidents like the 2008 financial crisis caused public discourse about tax services an…


The Impact of AI-enabled Data Analytics Services Across Major Industries

Data analytics services continue to rise as more businesses recognize its power for making busi…


The Future of eCommerce with Adobe Commerce

eCommerce industry growth is at an all-time high due to technological developments and consumer…


What are the Google Cloud Platform Services

Recent years have witnessed rapid expansion in the Cloud Computing market. Cloud providers such…

Challenges while Salesforce Marketing Cloud Implementation

Top Challenges of Salesforce Marketing Cloud Implementation

Once organizations understand the advantages of Salesforce sales cloud implementation, their ne…

NetSuite Integration for Businesses

Unleashing NetSuite Integration for Business Advancement

Real-time statistics are increasingly crucial in today's market. Therefore, keeping tabs on dat…

E-Commerce Trends

Future of Online Shopping Evolving E-Commerce Trends

E-commerce has come a long way since the initial online marketplaces first appeared in the 1990…

Manufacturing Operational Excellence with DevOps Implementation

The Future of Manufacturing Achieving Operational Excellence with DevOps Implementation

DevOps is becoming an increasingly sought-after IT practice across industries of all types and …

Mobile App Security Benefits of React Native for Data Protection

Mobile App Security: Benefits of React Native for Data Protection

Nearly 80% of the world now owns smartphones, and downloads continue to skyrocket (230 billion …

7 Common Software Development Roadblocks and How to Overcome

7 Common Software Development Roadblocks and How to Overcome Them

Producing and releasing new software into the market takes much work. Programmers face various …


How IoT Will Impact the Future of Custom Web Development and Web Design

IoT (Internet of Things) is one of the newest technologies that is quickly growing in popularit…


Custom ERP System Benefits, Requirements & Cost of ERP Development

ERP stands for Enterprise Resource Planning and is a complex system that involves using one pla…


Mastering Custom SaaS Applications: Your Comprehensive Guide for 2024

Digital transformation is happening at a breakneck speed, and companies must adapt quickly. The…

Top Web Development Trends and Technologies

10 Trends Shaping Modern Web Development

Since 1983, when it first came online, there have been over 1.58 billion websites with approxim…

Power Automate Triggers

Power Automate Triggers – Which Should We Use and When

Power Automate is an indispensable solution in IT solutions today, helping businesses streamlin…

How to Develop a Fintech App

How to Build a Fintech App Complete Guide

Mobile banking app development has brought revolutionary change to banking services, as technol…

Top 5 Essential Oracle ERP Modules

Top 5 Essential Oracle ERP Modules You Need

Businesses experience difficulties from even minor workflow management issues, leading to the n…

Cloud Cost Optimization Strategies for Microsoft Azure

Decoding Cloud Cost Optimization Strategies for Microsoft Azure

Cloud technology is an indispensable enabler of digital transformation, offering businesses inn…

Developing Custom CRM Software from Scratch

Things to Consider for Developing Custom CRM Software from Scratch

A CRM is the best way to increase sales, manage customer information, and get more leads. A cus…

Hospitality Top trends Reshaping the Hotel Industry

Top Hospitality Industry Trends to Watch Out in Next 5 Years

Over the last few years, the hospitality industry has undergone a radical transformation. This …

Sustainable Technology Adoption

Why Sustainable Technology Adoption Should be Your Next Strategic Move

Sustainability has become an indispensable aspect of business success today, similar to digital…

Salesforce Leveraging Banking & Financial Services

Digital Transformation of Banking & Financial Services Leveraging Salesforce

Over the past few years, fintech solutions and companies have significantly transformed the fin…

ServiceNow vs Salesforce

ServiceNow vs Salesforce A Comparison of Two Powerhouse Platforms

Customer experience has become a deciding factor in today's technology-driven world. However, t…

Product Development From an Idea to Its Real Value

Product Development From an Idea to Its Real Value

Idea generation is the first step in any new product development. The initial idea might seem i…

What is Power Apps and how can I use it

What is Power Apps and How can I Use It

Microsoft Power Apps has become a go-to platform for developers looking to develop low-code app…

How to Develop a Fintech App a Step-by-Step Guide

How to Develop a Fintech App a Step-by-Step Guide for You

Fintech is booming unprecedentedly, with new platforms and apps being launched daily. The Ameri…

Salesforce Commerce Cloud: All You Need to Know About

Salesforce Commerce Cloud: Everything You Need to Know About

E-commerce has quickly become an essential aspect of business in today's evolving digital envir…

Salesforce Service Cloud All You Need to Know

Salesforce Service Cloud: Everything You Need to Know About

In today's demanding landscape, customer service demands cutting-edge solutions that enable sea…

Oracle NetSuite ERP for Enterprise Businesses

Oracle NetSuite ERP A Game Changer for Enterprise Businesses

By consolidating finance, inventory, human resource, manufacturing, and customer relationship f…

How to Calculate the Salesforce Implementation Costs

How to Calculate the Salesforce Implementation Costs

Salesforce CRM is one of the world's premier Customer Relationship Management solutions, s…

A Comprehensive Guide to NetSuite ERP Implementation

A Comprehensive Guide to NetSuite ERP Implementation

Businesses of all industries are adopting enterprise resource planning platforms more regularly…

Salesforce for Small Businesses

Discover How Salesforce Can Assist Small Businesses in Achieving Growth

Harry Gordon's words still hold when starting a small business. To ensure its success, your com…

ERP Development a Comprehensive Guide

ERP Development a Comprehensive Guide

Businesses may utilize an ERP system as part of their overall business administration system to…


Guide to the NetSuite Salesforce Integration

Maintaining data and building meaningful customer relationships are two essential tasks of mode…


What is Salesforce Sales Cloud Everything You Need to Know About

Salesforce Cloud has become an indispensable component of modern business operations. Offering …


Why Choose NetSuite ERP to Improve Business Performance

Cloud was not commonly understood during the late 1990s; few saw its potential. A handful of vi…

NetSuite CRM vs Salesforce Which is the Best Choice

NetSuite CRM vs Salesforce Which is the Best Choice

Assembling the right Customer Relationship Management (CRM) platform can be daunting. NetSuite …

How to Power up Your Business with Cloud CRM

How to Power up Your Business with Cloud CRM

Customer relationship management (CRM) has emerged as an indispensable strategy in today's high…


Why to Hire a Salesforce Partner Company for Salesforce Project

First, let me state that Salesforce implementation can be completed independently to reach pote…


A Comprehensive Guide on Successful Salesforce Implementation

Salesforce has long been considered a pioneer of Customer Relationship Management (CRM), holdin…


Closeloop Recognized as One of the Top IT Services Companies in the USA 2023 by

Closeloop Technologies, a leading provider of innovative IT solutions, today announced that it …

User Experience in Web Development

Importance of User Experience in Web Development

Website redesign services are essential for businesses looking to revamp their online presence.…

Migrate to the Cloud From On-Premise Solutions

How Enterprises Can Successfully Migrate to the Cloud From On-Premise Solutions

Are you ready to join the list of enterprises that have migrated to the cloud? If yes, remember…

Digital Transformation

Accelerating Digital Transformation in the High-Tech Industry

The dynamic nature of the world compels high-tech companies to evolve around the digital revolu…

How to Enhance Software Project Delivery with DevOps Consulting

Know How to Enhance Software Project Delivery with DevOps Consulting

Delivering a software project is a challenging task, and numerous organizations struggle to com…

oracle cloud vs AWS

Oracle Cloud vs AWS: Make a Wise Choice as per Your Business Needs

Enter the world of cloud computing and you're faced with a difficult decision: which platform i…

crm implementation plan

How to Revolutionize Client Service With a CRM Implementation Plan?

Are you ready to revolutionize your client service and take your business to greater heights? O…

Why Businesses Need Custom Software Development in 2023

Why the Market Demands Custom Software Development: Explained

You've heard the saying, "The customer is always right." But what does that mean for businesses…

Top Tech Trends Driving CRM Innovation

Keep Up With the Times: Top Tech Trends Driving CRM Innovation

CRM (Customer Relationship Management) innovation is a vital aspect of modern business as it he…

How to Do Software Project Estimation

How to Do Software Project Estimation: A Complete Guide

Looking to estimate the cost and time needed to complete your next software project? You're in …

Closeloop CEO interview with Goodfirms

Interview with GoodFirms: Creativity is Critical to Bringing Ideas to Life Says Assim Gupta, Closeloop's CEO

Closeloop Technologies believes creativity helps achieve maximum growth in digital transformati…

Closeloop Recognized as Top 1000 Global Service Providers 2022

Closeloop is Now Among the Top 1000 Global Service Providers in 2022

United States, Dec 12, 2022- Closeloop Technologies, a leading software development company, ha…

Mistakes to Avoid While Implementing NetSuite ERP

12 Mistakes to Avoid While Implementing NetSuite ERP

Netsuite is a globally recognized business operating platform out-turn the growing companies to…

AI in E-commerce and Retail Store Development

AI in eCommerce and Retail Store Development

You may have heard about the benefits of AI in eCommerce, but did you know that AI can also be …

What Do You Understand by QA and Software Testing

What Do You Understand by QA and Software Testing?

It would be best if you study how to perform quality assurance (QA), regardless of whether you …

what is the right time to develop a custom software

When Is the Best Time to Develop Custom Software?

Software is running the world. While this claim has been made numerous times before, the import…

Outsource UI/UX Creation

UI/UX Creation – One of The Most Important Development Parts You May Want to Outsource

Have you ever considered hiring a UI/UX design agency? If not, this blog will tell you all the …

agile methodology for software development

Adopting Agile Methodology will Drive Faster Results - Explore How?

Today, businesses are continuously looking for new methods to remain competitive in the face of…

 Augmented Reality to Help Businesses

8 Clever Ways Augmented Reality Can Help Your Business

In this tech-savvy world where everyone is keen to know the latest trends in technology, it is …

saas vs custom sooftware solution

SaaS vs Custom Software Solution - Which One Fits Right for Your Business?

In the year 2022, it will be almost impossible to successfully manage a business, either a smal…

How to Develop a Feature-Rich Fintech App

How to Develop a Feature-Rich Fintech App in 2022

Technological advancements significantly impact various business sectors, and financial technol…


How to Hire Web Development Agency - Step-by-Step Guide

Building a successful website from scratch requires a lot of labor and, at the very least, desi…

How to Implement DevOps for Enterprises

How to Implement DevOps for Enterprise - Everything You Need to Know

The perpetual switch from the following technologies makes the business environment much more c…

AWS training & certification exam

Elevate Your Cloud Computing Career with AWS Certification Exams - Details Inside

The Amazon Web Services Certification program helps professionals gain credibility and self-ass…


The Estimated Cost of Developing an Ideal Dating App

When it comes to finding love, you don't need to go any further than your cell phone. In today'…


How Implementing Netsuite ERP Can Position You Strongly in Your Industry

You might think you have plenty of time to figure out the migration to NetSuite, but honestly, …

music streaming app development

A Thoughtful Guide on Music Streaming Apps- How to Create One, Features & Cost?

Music runs through the veins of most people, if not all. It is a significant part of our routin…

benefits to migrating your existing applications to the AWS cloud

Migration to Cloud Computing - Why Amazon Web Services (AWS) is the Best Choice

The world is progressing towards portable technologies, from mobile phones to remote work, to a…

How to Create User-Centric Enterprise UX Design

How to Create User-Centric Enterprise UX Design Effectively?

Technology is a wave: either sail the boat or sink out. The enterprises focused on automating b…

iot in electric vehicles charging stations

The Evolution of IoT in EV Charging Stations

The Internet of Things is another revolution in the technology world, leaving us wondering how …


Why to Choose React Native for Mobile App Development

With about 60% of the global population actively accessing the Internet, people need modern way…


Combinations and Permutations of Calculating Website Redesigning Cost

Determining the successful user data interactions and conversations is significant in revamping…


Professor Rana Nayar - A Visit to Closeloop Technologies

Professor Rana Nayar, a Ph.D. in English, a translator of poetry and short fiction from Punjabi…

netsuite for businesses to control and manage ERP

NetSuite for Small, Medium & Large Businesses - For Enhanced Effectiveness and Control

Enterprise Resource Planning (ERP) solutions are the lifeblood of a business organization. Nets…

cloud computing in fintech

Cloud Computing Shaping The Future of Fintech

Financial technologies are taking the business world by storm. The changing perception regardin…

 salesforce crm solutions for healthcare

Salesforce - Leading Player in the Game of Healthcare Management

  In the healthcare sector, a cyclone of technology is impacting thousands of lives today…

Custom ERP Software Development for Business Automation

Custom ERP Software Development - Ultimate Solution for Business Process Automation

In the dynamic world of business applications, one fixed solution for the constantly changing e…

cross platform app development using flutter

Flutter App Development - The Future of Modern-day Cross-platform Apps

While mobile devices were increasing significantly, the demand for mobile app development servi…

custom mobile app development process

Custom App Development Process - The Complete Guide

Whether big or small, businesses from different industries and start-up founders are taking cha…

cloud computing in logistics - benefits and limitations

Role of Cloud Computing in Logistics in 2023 - Benefits & Limitations

Cloud computing is one of the hottest technologies in this era of digital transformation that i…

mobile application development steps

6 Essential Steps You Must Follow to Develop a Feature-Rich Mobile App

We are living in a technology-driven world where almost everything is available at our fingerti…

Salesforce CRM Pros & Cons for Businesses

Is Salesforce CRM the Best Choice for Your Business? Pros & Cons

Customers are the most important part or lifeblood of a business. The way you onboard customers…

eCommerce store development With Shopify

Ultimate Guide to Build Profitable eCommerce Store With Shopify

To start an eCommerce business that becomes successful, the first step is to develop an enticin…

How to Start a Fintech Startup

Ultimate Guide on How to Start a Fintech Startup

Fintech or financial technology has become one of the most popular ideas for startups today. In…

Recruiting Software Development

Is Your Recruiting Software Ready for the Future of Work?

Recruiting software is a critical part of Human Resources Management (HRM). Basic functionality…

Top 5 Roles in Your Software Engineering Team

Are These 5 (Minimum) Roles On Your Engineering Team? They Should Be!

It can be very challenging and overwhelming to develop technology and software for a non-tech o…

Being Cheaper is Not a Competitive Advantage

Being Cheaper is Not a Competitive Advantage

As someone who attends dozens of startup pitches a month, “our product is cheaper” is a phrase …

Case Study: 6-Months in and Software Vendor Causes $160,000 Loss

Case Study: 6-Months in and Software Vendor Causes $160,000 Loss

PACEfunding’s Business Executive Is Shocked When The Vendor He Hired Fails To Deliver The Softw…

Control and Fear Aren't Your Company's Only Growth Problem

Control and Fear Aren't Your Company's Only Growth Problem

The Invisible Crushing Power of Software Why are companies afraid to partner with the vendors …

Software Bugs Risk $1.7 Trillion in Assets

Software Bugs Risk $1.7 Trillion in Assets

Painful Lawsuits: Huge Toll Taken on Executives at Uber, Equifax, St.Jude, and Provident Financ…

Startup Pitch Event, November 9th, 2017

Startup Pitch Event, November 9th, 2017

As my regular readers know, I frequently serve as a panelist in pitch events. Recently, I decid…

Startup Pitch Event, October 30th, 2017

Startup Pitch Event, October 30th, 2017

As my regular readers know, I frequently serve as a panelist in pitch events. Recently, I decid…

Startup Pitch Event, October 11TH, 2017

Startup Pitch Event, October 11TH, 2017

As my regular readers know, I frequently serve as a panelist in pitch events. Recently, I decid…

Startup Pitch Event September 26th, 2017

Startup Pitch Event September 26th, 2017

As my regular readers know, I frequently serve as a panelist in pitch events. Recently, I decid…

How Can MoviePass Be So Cheap?

How Can MoviePass Be So Cheap?

MoviePass caused major shifts in the movie industry when they lowered their monthly unlimited m…

User Experience is Key

User Experience is Key

There is nothing more tragic than a company with a great product that is hampered by poor user …

Investors Aren't Afraid of Smart Tech Outsourcing

Investors Aren't Afraid of Smart Tech Outsourcing

One of the most misunderstood fears entrepreneurs and startups have is that investors won’t inv…

Three Software Mistakes That Strangle Startups

Three Software Mistakes That Strangle Startups

I love meeting people who launch startups. Their energy and ambition inspire me. One of my life…