Top security threats to financial services - Alexandria, Arlington, Washington DC
Summary
These cyberattacks lead to the theft of large sums of money, undermine the economic stability of individuals and organizations, as well as destroy the reputation of banks and other financial institutions. Extortion Distributed denial of service (DDoS) attacks, which are typically delivered from massive botnets of zombie computers or internet of things (IoT) devices, have been used to bring down banking networks. Banks cannot defend against these attacks alone, so they rapidly share information among themselves through organizations such as FS-ISAC4 and rely upon the ability of their internet service provider to handle and redirect massive quantities of traffic. This attack is called business email compromise (BEC), where a fraudster will purport to be a CEO or CFO and request for large money transfers to bogus accounts. The creation of defensive measures requires extensive knowledge of the lurking threats, and our team of experts is up to date on the latest security information.