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Attackers & Methodologies Targeting the Financial Industry

The heavily regulated financial industry has long been considered a bleeding-edge investor in security technology and a forerunner in the area of policy, all with the goal of protecting customers’ money from determined hackers. Unfortunately, financial services institutions are not immune from the decades-long cat-and-mouse game with threat actors.

Attackers have the luxury of not having to adhere to regulations, laws, and industry standards, and are free to pivot as they see fit in order to turn a profit. Financial services, meanwhile, is almost forced to be in a perpetual reactive state when it comes to defense, in particular against emerging threats.

In the past two years, the financial and credit sectors have been saturated with attacks from a growing roster of cybercriminal and state-sponsored elements targeting banks with a holster full of known and unknown vulnerabilities and exploits.

Our newest research paper, Attackers and Methodologies Targeting the Financial Industry, aims to equip financial services institutions with a deeper understanding of, and corresponding mitigations for, the threats and challenges they face from cybercriminals and advanced persistent threat actors, including:

  • Advanced persistent threats
  • Banking malware
  • Ransomware
  • Insider threat
  • Business email compromise
 

For the full Flashpoint analysis, download the report.

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About the author: Mike Mimoso

Michael Mimoso brings over a decade of experience in IT security news reporting to Flashpoint. As Editorial Director, he collaborates with marketing, analyst, and leadership teams to share the company’s story. Prior to Flashpoint, Mike was as an Editor of Threatpost, where he covered security issues and cybercrime affecting businesses and end-users.

Prior to joining Threatpost, Mike was Editorial Director of the Security Media Group at TechTarget and Editor of Information Security magazine where he won several ASBPE national and regional writing awards. In addition, Information Security was a two-time finalist for national magazine of the year. He has been writing for business-to-business IT publications for 11 years, with a primary focus on information security.

Earlier in his career, Mike was an editor and reporter at several Boston-area newspapers. He holds a bachelor’s degree from Stonehill College in North Easton, Massachusetts.