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Marginalen Bank is a Swedish bank that offers a broad portfolio of financial services. But as a smaller player in a tightly regulated market, the bar for cybersecurity is set especially high. “We’re a financial company with a wide range of products, which brings unique security challenges,” says Yngve Swanström, Head of Security at Marginalen Bank.
A long-term partnership from day one
Security is a core pillar of operations at Marginalen Bank, and they have worked with Cyloq ever since Cyloq was founded in 2022. Before Cyloq, the bank had worked with various providers. That’s when they came across Andreas and Sam and were immediately impressed by their skills. So when those two went on to start Cyloq, continuing the collaboration was an easy decision.
“We rely on Cyloq for both penetration tests and security training, and we plan to keep it that way.”
Marginalen Bank has a clear policy. The security in the systems needs to be tested often and thoroughly. The bank conducts multiple penetration tests each year to make sure every system holds up at all times. But the partnership with Cyloq goes beyond just technical expertise.
“It’s not just about the results, they’re also flexible, responsive, and adapt to how we work. That matters just as much.”
A process that runs itself
Every engagement starts with a clear scoping session involving Cyloq, the security team, and project stakeholders. Thanks to the ongoing collaboration, Cyloq already has access to much of what they need to get going right away.
“They’re self-sufficient from the start. They know what’s expected and what we need. Full credit to them.”
Cyloq gets access to the right accounts and systems, runs the test quickly and effectively, and delivers a clear final report with concrete, prioritized recommendations.
“We handle most of the fixes in-house, but Cyloq is always there as a sounding board if we need to talk things through. That makes them a great partner too.”
Beyond testing, Cyloq also runs developer training sessions for Marginalen Bank’s tech teams.
“The trainings are always well received. Practical, straightforward, and easy to apply. We’ve got another one coming up soon.”
Currently, Marginalen Bank runs about ten penetration tests per year, along with regular training sessions. Looking ahead, they’re also planning to bring Cyloq in for a red teaming exercise.
Would they recommend Cyloq? No doubt about it.
Even after years of working together, Cyloq keeps raising the bar.
“They deliver beyond expectations, every time. They’re fast, thorough, and really easy to work with. It’s a partnership that just works.”
With Marginalen Bank’s agile way of working, tight timelines and fast-changing priorities, Cyloq has proven time and again that they can keep pace and stay in sync.
“We highly recommend Cyloq. They’re responsive, deliver top-tier quality, and are incredibly easy to collaborate with.”