The banking and financial industry face a number of challenges when it comes to securing their networks, not to mention meeting and exceeding a number of compliance requirements. In addition, they are prime targets for attacks given the information that is contained within their networks.
This industry is no stranger to the challenges they face, however with technology advancements and end users requirement for instantaneous information as to the state of their accounts, the IT staff have to be constantly on alert.
The challenges include extensive auditing of their systems and the third parties that are connected to them to adhere to compliance and industry regulations, pinpointing fraudulent activities, an increase in potential access points to their network due to growth in web applications and BYOD, plus long term retention policies of their data.
The necessity to mitigate threats before exposure of data and confidential information is of utmost importance; however, all measures taken must ensure that those who need to access the data can, usually 24/7/365.
The threats that the banking / financial industry should be aware of include but are not limited to Nation State attacks, credit card fraud, mobile threats, whaling and phising attacks.
For this industry, it is imperative to use some form of behavior analytics to detect anomalous activity on the network, as well as machine speed remediation.
Symtrex has been assisting organizations within the financial sector review their security posture, and provide guidance, recommendations and assistance. Should you wish to receive a consultation feel free to contact us.