Six Months of Cyber-Attacks Against the Financial Services Sector

June 24, 2015

For years, the finance industry has been under attack by groups of hostile parties.

The frequency and sophistication of targeted cyber-attacks is a top-tier risk for our industry.

A threat intelligence vendor, WebSense, recently released a short report outlining their analysis of the actions and attack patterns directed against organizations in the financial services sector. This type of information can be used to help enterprises more effectively protect customers’ data and assets (as well as — for some types — to market their products and services).
This report identifies some key cyber threats and tactics targeting the financial sector, briefly discusses their effectiveness along with the respective volumes of those attack techniques from January through May of this year.

This type of information may be viewed under the category of “forewarned is forearmed.” It can help organizations to construct more proactive resistance to attack, quicker incident detection, and faster responses.

We are enablers & users of global operations that flow trillions of dollars daily.
That, along with the fact that we also host large numbers of personal and identity information, results in our being a continuous focus for hostile agents world-wide — agents who are motivated to constantly optimize their activities.

Financial information and the sensitive personal information of millions of consumers under our care, we must continually strengthen our security practices — our technology, tools and talent — in order to maintain effective (good-enough) defensive and reactive capabilities.

A key message of the WebSense report is that there appears to be no single path to effectively combat threats and risks presented by cyber-security attacks.
Comprehensive, edge-to-edge due diligence is still required.

2015 Industry Drill-Down Report Financial Services” is worth a read, and contains a range of reusable facts & assertions.

REFERENCE:

“2015 Industry Drill-Down Report Financial Services.”
http://www.websense.com/assets/reports/report-2015-industry-drill-down-finance-en.pdf
By Raytheon & WebSense, 06-23-2015.

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