Security is becoming more complex as technology continues to evolve. How much more complex? In 2004, companies spent $3.5 billion on security; that number reached $120 billion in 2017. Even though organizations are investing in security, the daily headlines illustrate that major breaches still...
Posted in financial institutions, network securityHomeCategories:Media financial-institutions
Category Archives: Financial Institutions
Hackers go where the money is, so it is not surprising that attacks against Automated Teller Machines are rising. To thwart the bad guys, banks can deploy Security Information and Event Management (SIEM) solutions. These products study patterns in ATM interactions and deliver actionable insights...
Posted in financial institutions, SIEM, Security Event Management (SEM), Security Information Management (SIM), network securityThe financial services threat landscape is constantly morphing as the attackers hone their craft. Additionally, there are no shortages of new guidelines, and security standards from regulating bodies and councils. Consequently, protecting sensitive information and staying in compliance are...
Posted in financial institutions, network security, consultationCybersecurity attacks anything to increase in diversity and sophistication, according to the “State of Malware” report published by Malwarebytes. Trojans targeting financial institutions continue to evolve, turning into droppers capable of producing spam, propagating through networks, skimming...
Posted in financial institutions, SIEM
Among all other cyber threats, ransomware attacks are now a major concern for financial firms. According to Verizon’s Data Breach Investigations Report, in 2018, 39% of malware attacks were related to ransomware. Financial firms are a top target for these attacks.
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