U
nlike complex and targeted attacks
on core banking infrastructure,
financial fraud in cyberspace can
be addressed using existing protection
methods. With banks being mostly
concerned over threats such as phishing,
fraud prevention methods must be applied
more actively, utilizing modern approaches
such as the behavior-based detection of
irregular activity with intelligent algorithms.
The security of financial transactions may
be significantly improved in the future
by using modern technologies such as
blockchain. Before this happens though,
the need for modern, intelligent solutions
to detect complex and targeted attacks is
high. The prevalence of complex attacks
also forms the argument for intelligence
sharing within the financial services sector.
)
Overall, the financial industry, like no other,
depends on new, customized security
technologies to better protect existing
infrastructure and financial applications
from ATMs to core data centres. It also
needs security intelligence to efficiently
respond to new cyberthreats and predict
the evolution of the threat landscape for
the near future.
Non-Financial Institutions (n-1641)
39%
39%
ware
e by
36%
42%
ces
risk 30%
35%
s or
ta 29%
35%
acks 26%
25%
a via 25%
31%
Electronic leakage of data from
internal sysatems 20%
25%
Incidents affecting suppliers that
we share data with 19%
24%
Incidents affecting IT
Infrastructure hosted buy a third
party 18%
24%
Incidents involving non-
computing connected devices 17%
26%
Incidents affecting third party
cloud services we use 17%
21%
experienced: Malware and targeted attacks are the only incidents that banking organizations experience more than their
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