Survival Guide for Million-Dollar Cyberattacks
22 June, 2017
Panda Security warns of a new phase in cybertheft where criminals are directly targeting the banking sector, and offers recommendations on how to avoid advanced attacks on users of online banking platforms and on the banks themselves.
For more than a decade, attacks were aimed at the weakest link in the chain: the end user of online banking services. However, a new phase in cyber theft is beginning — attackers are stealing money directly from banks themselves, a tactic that brings in far greater sums of money, and in one fell swoop. The most striking case was the multi-million dollar cyberattack suffered by the Central Bangladesh Bank, a member of the SWIFT network, in which attackers succeeded in infecting the system and robbing the bank of $81 million. SWIFT reports that 20% of attacks perpetrated on their network resulted in financial success for the attackers.
Despite being a sector that uses the very best anti-malware solutions, advanced attacks can still compromise large amounts of sensitive information at financial institutions. Panda Security’s corporate security solution, Adaptive Defense, protects the data and sensitive information of financial institutions and their clients, detecting data leaks whether they come from malware or from the bank’s own employees. This is considered to be one of the most valued abilities in the sector.
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