Finosec tops 200 financial institutions on cybersecurity governance platform

Finosec said more than 200 financial institutions now use its cybersecurity governance platform, a milestone reached in May 2026, as community banks and credit unions move away from spreadsheets and manual processes. The company also reported 99% client retention, underscoring demand for structured governance tools as regulatory scrutiny grows.

Why it matters: - Community banks and credit unions are facing more demanding cybersecurity and examination requirements. - Finosec says its platform helps smaller institutions replace spreadsheet-based governance with a repeatable system built for financial institutions. - The company reported 99% client retention, signaling that institutions are renewing at a high rate.

What happened: - Finosec said more than 200 financial institutions now use its cybersecurity governance platform. - The company said it reached that milestone in May 2026. - Finosec also said it has passed 100 ICBA member banks earlier in 2026 as an ICBA Preferred Service Provider for Cybersecurity Governance. - CEO and co-founder Zach Duke said the milestone reflects customer trust and the company’s focus on serving community institutions.

The details: - Finosec’s platform brings together information security governance, vendor governance, user access reviews and a cybersecurity assessment tool. - The company said the assessment tool is designed to improve on the now-defunct FFIEC CAT. - Finosec said the platform lets institutions view governance status at any time and prepare for regulatory exams without rebuilding records each cycle. - Data entered in one part of the platform carries across other modules, which the company said reduces duplicate work for small governance teams. - Finosec said the product is built specifically for financial institutions rather than as a general-purpose compliance tool. - Finosec was co-founded by Zach Duke and Scott McIlrath to simplify how financial institutions govern information security. - The company is headquartered in Alpharetta, Georgia. - Finosec’s product lineup includes InfoSec Governance 360, Cybersecurity Assessment Tool, Access Management and Vendor Governance. - Finosec says its platform helps banks and credit unions streamline compliance, reduce risk and improve audit readiness. - The company says it automates time-consuming processes so institutions can focus on proactive cybersecurity and growth.

Between the lines: - The milestone suggests more community institutions are opting for dedicated governance software as manual processes become harder to manage. - Finosec is positioning itself around a niche need: cybersecurity governance for financial institutions, not broad enterprise compliance. - The 99% retention figure indicates the company is not only winning customers, but also keeping them.

What's next: - Finosec said it will continue to expand its customer base while earning customer trust. - More institutions may keep shifting from spreadsheets to centralized governance systems as regulatory expectations increase. - The company is likely to lean on its ICBA relationship and financial-institution-specific platform as it pursues additional banks and credit unions.

The bottom line: - Finosec’s latest milestone points to steady demand for specialized cybersecurity governance tools in community banking.