Cyber Security To Prevent Bank Robbery

1
Cyber Security To Prevent Bank Robbery

• Why Financial Sector Socs Must Mature To Remain
  Secure

2
Introduction

• Cyber criminals have their crosshairs firmly
  locked on the financial sector. Although
  financial institutions have long been primary
  goals for breaches, the difficulties they face
  today are vastly different than those of the
  past.

3
Before Security Automation

• Robbing a bank involved devising a perfectly
  plotted and highly risky course of action, which
  only the most brazen attackers would dare
  attempt. The attacks of today are much subtler,
  so subtle, in fact, that they often go undetected
  by security teams.

4
Cyber Security
5
Cyber Criminals Up Their Game

• Attackers were able to steal well over one
  billion dollars from banks in 2015 by using a
  diverse array of multi-pronged attack methods,
  including Distributed Denial of Service attacks
  (DDoS), malware attacks using potent offenders
  such as Vertexnet, Ponyloader and GozNym, cloud
  based botnets, spearfishing attacks and more.

6
Global Economic Crime Survey
7
Security Operation For Security

• The industry is trying to fight back against
  threats by hiring additional cyber security
  automation analysts and increasing point
  solutions. After witnessing the spate of breaches
  at other institutions, Goldman Sachs added 1000
  security workers worldwide and JPMorgan pledged
  to double its 250 million dollars security budget
  annually. The security operations center of the
  typical bank uses a growing mix of point tools
  such as firewalls, perimeter security, threat
  detection platforms, intrusion prevention and
  sensors to block, locate and remediate attacks.

8
The Key to Fast Remediation

• Heres the bottom line breaches are unavoidable.
  While preventing attacks will always be critical,
  the goal has shifted to locating and terminating
  breaches as quickly as possible to mitigate
  damage. This hinges upon achieving fully
  contexualized visibility across the security
  footprint.

9
End-to-End Visibility

• Siemplify ThreatNexus ingests all data from all
  tools across the SOC, allowing analysts to
  quickly understand the context behind events in
  order to build a true end-to-end perspective. The
  graphical interface grants in-depth insights into
  events as they take place and helps analysts
  understand their significance in a fraction of
  the time. ThreatNexus becomes the hub for all
  information and allows analysts to collaborate in
  ways previously impossible.

10
Conclusion

• To stop the success of cyber criminals, financial
  and banking institutions must consider a holistic
  solution, one that evolves the SOC beyond a
  fragmented approach to an actionable, intelligent
  SOC for the next generation. ThreatNexus takes
  security operations centers into that next
  generation.