Carbon Black: “Despite investing heavily in security, financial institutions continue to experience cyber attacks at a rapid pace. Conducted primarily for the purpose of yielding illicit financial gain, cyber attacks against the financial services industry are increasing in sophistication and are often undetectable, global and instantaneous. This will be one of the themes of this year’s FS-ISAC Annual Summit, taking place in Boca Raton this week. To better understand how cybercriminals remain undetected in their attacks against the financial services industry, Carbon Black recently collected responses from CISOs at 40 major financial institutions, including six of the top 10 global banks. In the report, Modern Bank Heists: Cyberattacks & Lateral Movement in the Financial Sector, survey respondents revealed trends in lateral movement, counter incident response, integrity attacks and the most concerning threat actors financial institutions are currently facing…”

An overwhelming majority (90%) of CISOs responding to the survey reported experiencing some kind of attempted ransomware attack during the past year. However, what’s more concerning is that 1 in 10 respondents reported encountering destructive attacks unrelated to ransomware, and we believe these types of attacks will only increase in size as more hackers become punitive. From application attacks to fileless malware, destructive attacks enable cybercriminals to move freely and laterally within an organization’s network and often go completely overlooked until it’s too late…”