In recent years, there has been a significant uptick in the frequency and sophistication of attacks on the financial and banking industry. The following statistics illustrate the current breadth and depth of cyber attacks by various types of threat actors on financial entities: Financial instituti...
The sooner you know you're under attack: the sooner you can prevent ongoing damage. That's why we offer not just preventive security, but also innovative detection designed to identify 'live' attacks on your systems. As part of an adaptive security strategy, Kaspersky Anti Targeted Platform ...
Information technology Effects of cyber attacks on the United States financial sector UTICA COLLEGE Christopher RiddellAndrew Guzman StavsethDavidThis research evaluated the ways that recent cyber attacks facing the U.S financial services sector affected the existing disaster recovery methodologies, employees...
Cyber risk management is nothing new to financial-services companies, but the importance of a robust, comprehensive strategy has never been more critical and will only increase as institutions expand their technological footprint. Cyberattacks continue to increase,...
Protecting Financial Services from Cyberattacks Because of the potential gains for attackers, financial firms will continue to be one of the top targets for cyber threats, along with other big industries like manufacturing andtelecommunications. We’ve seen the cost of data breaches increase 10% just...
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APTs are prolonged, targeted attacks where intruders establish a foothold within an organization to exfiltrate data over an extended period. Some APTs, such as Carbanak and FIN7, have a history of targeting financial services. When dealing with APTs, continuous monitoring, advanced security protocols...
Ransomware:If attackers can compromise networks and lock down banking data, firms may have no choice but to shut down services or risk paying the ransom. Because of emerging frameworks such as ransomware-as-a-service (RaaS), these attacks are on the rise. ...
Impact of cyberattacks on Public Finance organizations As a result of these forces, Public Finance organizations are being targeted, disrupting revenue collection streams and revenue distribution capabilities while eroding citizens’ trust in their public service institutions. These cyberattacks are happening...
“The financial sector is grappling with an escalating onslaught from cybercriminals,” says Tris Morgan, managing director of security at telecoms group BT. His company’s data reveals, on average, “more than 46mn signals of potential cyber attacks every day, worldwide” — with banking emergi...