Trustwave SpiderLabs Uncovers Critical Cybersecurity Threats Facing Financial Services Industry>
–
Summary:
Trustwave, a cybersecurity and managed security services provider, has released a comprehensive report on the cybersecurity risks faced by financial services organizations.
The report, titled “2023 Financial Services Sector Threat Landscape: Trustwave Threat Intelligence Briefing and Mitigation Strategies,” highlights the specific threats and risks in the industry and provides insights and strategies for strengthening defenses.
The research conducted by Trustwave SpiderLabs exposes the attack flow used by threat groups, revealing their tactics and procedures.
Persistent threats, ranging from email-borne malicious attachments to abuse of valid accounts, pose significant risks to the financial services sector.
Financial organizations are attractive targets due to the potential for monetary gain, with cybercriminals exploiting them for extortion, theft, and fraud.
Apart from monetary assets, the financial services sector stores large volumes of sensitive data, including customer information and financial records.
Trustwave emphasizes that protecting this data is crucial for earning and sustaining consumer trust, which is a competitive differentiator in the industry.
The report provides a comprehensive view of observed threats and specific mitigation strategies to help organizations safeguard sensitive data and assets.
Key findings from the report include the Clop threat group accounting for 39% of ransomware incidents targeting the financial services sector, the majority of targeted companies being from the U.S., and HTML attachments constituting 78% of email-borne malware attachments.
The report also analyzes various threat actors and tactics employed, such as email-borne malicious attachments, phishing, vulnerability exploitation, and malware.
The report addresses cybersecurity challenges specific to the financial services industry, including the management of sensitive data, heightened regulation, the importance of trust, partnership complexity, and interconnectedness with third-party vendors.
Trustwave’s research serves as a resource for financial organizations to understand and combat the multitude of attack groups, malware variants, and techniques deployed against them.
Link: https://www.lelezard.com/en/news-21098735.html