Challenges Finance faces
Visibility into Endpoints
Financial institutions often struggle to obtain useful optics into, and situational awareness from, the security status of their endpoints. In fact, financial institutions report that advanced threats remain undetected on infected endpoints for 98 days on average (dwell time).*
The Gramm-Leach-Bliley Act (GLBA), SOX, and an alphabet soup of regulatory agencies and acts require strict compliance, often with cybersecurity mandates that include endpoint security directives. Failure to meet these requirements can result in stiff fines.
Trust is critical for customer acquisition and retention, so financial institutions find themselves especially vulnerable to the reputational damage caused by security breaches. Damage to brand and image takes far longer to repair than that done to the compromised IT infrastructure itself.
* Source: Advanced Threats in Financial Services and Retail: A Study of North America & EMEA, Ponemon Institute, May 2015
Threats Finance Faces
Malicious software holds financial data for ransom, interrupting productivity and putting trades and money transfers at risk.
Customers bombarded with fake emails claiming to be from banks and financial institutions to collect personal information and credentials.
Malware spreading across networked endpoints via infected email attachments or compromised files passed amongst employees.
Advanced persistent threats (APTs)
Cyber threats aimed at banks and banking technology vendors are “persistent, adaptive and sophisticated.”
Hackers successfully posed as banks in text messaging to steal customer account information and passwords.
Cybercriminals used publicized details of executives to trick employees into initiating wire transfers or opening spoofed emails with malicious attachments.
How ThreatDown, powered by Malwarebytes, can help
ThreatDown Endpoint Protection
Centrally protects financial organizations’ endpoints against known and unknown attacks via cloud-based platform. Next-gen endpoint protection employs multiple layered protection technologies in a single unified agent to detect and block advanced threats, including ransomware.
ThreatDown Incident Response
Rapid, lightweight solution detects and removes advanced threats from Windows and Mac endpoints. Scans and cleans infected endpoints remotely using an extensible cloud-based platform. Forensic Timeliner gathers system events surrounding breaches so the security team can address security gaps and reduce malware dwell-time.