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Cybersecurity is becoming one of the most business-critical challenges in Iraq. Banks, oil and gas companies, logistics firms, hospitals, and even government entities are experiencing more targeted attacks than ever. Financial institutions, in particular, are prime targets, as attackers know they can cause significant disruption with relatively simple techniques.
This case study explains how Osous Al Taqnia helped a leading Iraqi bank reduce cyberattacks by 60 percent in under six months by modernizing its cybersecurity framework, implementing next-generation firewall controls, and deploying a 24/7 Security Operations Center (SOC).
Banks in Iraq face a different level of cyber risk compared to other industries. Attackers often attempt:
This environment is made more challenging by:
The bank in this case study operated across Baghdad, Basra, and Erbil. While their team had internal IT staff, they lacked real-time cybersecurity monitoring and were struggling with frequent incidents.
Before working with Osous Al Taqnia, the bank experienced several recurring issues:
Employees received fake banking notifications, leading to credential theft and repeated account compromise.
The firewall was configured years earlier and had not been updated as new threats emerged. There was no consistent filtering or intrusion prevention.
Security logs were stored but never actively monitored. Alerts were sent by email, but were rarely reviewed in time.
Without a structured SOC, the bank discovered incidents only after damage occurred. Recovery took days.
Backup systems existed, yet no ransomware-specific protection or integrity checks were in place. These gaps created uncertainty, risk, and operational instability.
Our team designed a multi-step cybersecurity roadmap tailored to the bank’s regulatory requirements and operational challenges.
We began with a detailed assessment of:
This provided clear visibility into risk points across all branches.
A modern firewall solution was deployed with:
We also redesigned the network so that:
This greatly reduced the attack surface.
The bank adopted Osous Al Taqnia’s SOC-as-a-Service solution, which includes:
Our SOC analysts in Baghdad monitored all critical systems around the clock, reducing the reliance on internal IT teams.
Email became one of the bank’s biggest vulnerabilities. We implemented:
This immediately reduced credential theft incidents.
Because banking data is extremely sensitive, we improved their data protection strategy by:
This ensured the bank could recover quickly from any incident.
After implementing Osous Al Taqnia’s cybersecurity framework, the bank experienced dramatic improvements.
Firewall logs showed a significant drop in successful intrusion attempts due to improved blocking, segmentation, and SOC alerting.
Phishing and account takeover incidents dropped to zero once MFA and advanced email security were enabled.
Issues that previously took days to identify were now detected and escalated within minutes.
Core banking applications experienced fewer interruptions and performance issues.
Documentation, policies, and controls were aligned with Iraqi banking security requirements.
Regular training sessions and phishing simulations helped employees identify threats early.
The combined impact was a more secure, more resilient financial institution with greater trust from clients and stakeholders.
The lessons from this bank apply across many sectors in Iraq:
Even small and medium-sized businesses can prevent major damage by implementing these measures.
We provide a full cybersecurity ecosystem, including:
Our team combines technical depth, local expertise, and hands-on knowledge of Iraq’s unique threat environment.
If you want to reduce cyberattacks, improve resilience, and protect critical data, we can help. Book a consultation with our cybersecurity experts.
Osous Al Taqnia is ready to support your business with practical, reliable, and locally relevant cybersecurity solutions.
6th Floor, The Meydan Hotel, Nad Al Sheba, Dubai
Villa S 11/5, Atconz, Erbil
62nd St, Baghdad
