Fending off reputation risk is critical.
By Moshe Ben-Simon
Despite being fortified with some of the best security defenses in the world, financial institutions remain both enormous and vulnerable targets for cyberattacks. Even with the best defense, it has become virtually impossible to maintain a perimeter that can keep attackers out. Bank employees’ use of mobile devices, memory sticks and email present a constant target to determined attackers. Malware used by attackers is often re-engineered in just a few minutes to enable movement past signature-recognition technologies. Using encrypted formats, this malware, once inside, can often migrate quickly to establish beachheads (backdoors) from which to enable the attackers continued efforts.