Attacks/Breaches

3/5/2019
10:45 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Survey: 160% Increase in Destructive Attacks Targeting Financial Institutions

Report reveals the cyber threats keeping financial CISOs awake at night, including Emotet, Steganography & Hidden Cobra.

READING, UK - 5th March 2019Carbon Black (NASDAQ: CBLK), a leader in cloud delivered, next-generation endpoint security, and Optiv Security, one of the world’s leading security solutions integrators, today released a threat report on the financial sector: Modern Bank Heists: The Bank Robbery Shifts to Cyberspace. The report found that 67% of financial organisations surveyed have reported an increase in cyberattacks over the past 12 months, while destructive attacks have increased 160% over the past year.

Click here to download the report: https://www.carbonblack.com/resources/threat-research/modern-bank-heists-the-bank-robbery-shifts-to-cyberspace/

“Financial institutions are grappling with some of the most sophisticated cyber crime syndicates,” said Tom Kellermann, the report’s author and Chief Cybersecurity Officer at Carbon Black. “Perhaps the most concerning indication from this report is the stark increase in destructive attacks, which are rarely conducted for financial gain. Rather, these attacks are launched to be punitive by destroying data. Cybercriminals have formed sophisticated approaches to gain access to confidential banking and financial information and organisations need to be aware of the impending threats.”

For the report, Carbon Black collaborated with Optiv Security to survey financial industry customers to uncover cyberattack trends seen by some of the world’s leading CISOs to better determine how today’s sophisticated cybercriminals are hiding behind invisibility cloaks to remain undetected.

Among the key findings from the report:

·         67% of surveyed financial organisations have reported an increase in cyberattacks over the past 12 months

·         79% of surveyed financial institutions said cybercriminals have become more sophisticated

·         26% of surveyed financial institutions were targeted by destructive attacks, a 160% increase over 2018

·         32% of surveyed financial institutions encountered island hopping through supply chain vendors and partners

·         21% of surveyed financial institutions experienced a watering hole attack, where sites are hijacked, and visitors are misled to malicious pages

“As threat actors continue to grow in sophistication and determination, it is imperative now more than ever for security leaders to evaluate their digital footprint from the perspective of the enemy,” said Bill Young, Vice President Threat Management, Optiv. “By using an inside-out approach to cybersecurity – starting with risk mitigation and building out from there with strategy, infrastructure rationalisation, operations optimisation and ongoing measurement – we believe financial institutions can close vulnerability gaps and respond to new threats in systematic ways. The time and cost involved in adopting a comprehensive inside-out cybersecurity approach to gain an understanding of threat actor intent, and employing offensive security policies to close security gaps, is a small price to pay.”

The report, available for download on Carbon Black’s website, takes a look at some of the key attack types financial institutions are encountering, including Emotet, steganography and Hidden Cobra.

Click here to download the report: https://www.carbonblack.com/resources/threat-research/modern-bank-heists-the-bank-robbery-shifts-to-cyberspace/

About Carbon Black

Carbon Black (NASDAQ: CBLK) is a leader in endpoint security dedicated to keeping the world safe from cyberattacks. The company’s big data and analytics platform, the CB Predictive Security Cloud (PSC), consolidates endpoint security and IT operations into an extensible cloud platform that prevents advanced threats, provides actionable insight and enables businesses of all sizes to simplify operations. By analysing billions of security events per day across the globe, Carbon Black has key insights into attackers’ behavior patterns, enabling customers to detect, respond to and stop emerging attacks.

More than 5,000 global customers, including 34 of the Fortune 100, trust Carbon Black to protect their organisations from cyberattacks. The company’s partner ecosystem features more than 500 MSSPs, VARs, distributors and technology integrations, as well as many of the world’s leading IR firms, who use Carbon Black’s technology in more than 500 breach investigations per year

Carbon Black and CB Predictive Security Cloud are registered trademarks or trademarks of Carbon Black, Inc. in the United States and/or other jurisdictions.

About Optiv Security

Optiv helps clients plan, build and run successful cyber security programs that achieve business objectives through our depth and breadth of cyber security offerings, extensive capabilities and proven expertise in cybersecurity, integration and cyber operational services. Optiv maintains premium partnerships with more than 350 of the leading cybersecurity technology manufacturers. For more information, visit http://www.optiv.com/

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Crowdsourced vs. Traditional Pen Testing
Alex Haynes, Chief Information Security Officer, CDL,  3/19/2019
BEC Scammer Pleads Guilty
Dark Reading Staff 3/20/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Well, at least it isn't Mobby Dick!
Current Issue
5 Emerging Cyber Threats to Watch for in 2019
Online attackers are constantly developing new, innovative ways to break into the enterprise. This Dark Reading Tech Digest gives an in-depth look at five emerging attack trends and exploits your security team should look out for, along with helpful recommendations on how you can prevent your organization from falling victim.
Flash Poll
The State of Cyber Security Incident Response
The State of Cyber Security Incident Response
Organizations are responding to new threats with new processes for detecting and mitigating them. Here's a look at how the discipline of incident response is evolving.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-9945
PUBLISHED: 2019-03-23
SoftNAS Cloud 4.2.0 and 4.2.1 allows remote command execution. The NGINX default configuration file has a check to verify the status of a user cookie. If not set, a user is redirected to the login page. An arbitrary value can be provided for this cookie to access the web interface without valid user...
CVE-2019-9942
PUBLISHED: 2019-03-23
A sandbox information disclosure exists in Twig before 1.38.0 and 2.x before 2.7.0 because, under some circumstances, it is possible to call the __toString() method on an object even if not allowed by the security policy in place.
CVE-2018-20165
PUBLISHED: 2019-03-22
Cross-site scripting (XSS) vulnerability in OpenText Portal 7.4.4 allows remote attackers to inject arbitrary web script or HTML via the vgnextoid parameter to a menuitem URI.
CVE-2019-1716
PUBLISHED: 2019-03-22
A vulnerability in the web-based management interface of Session Initiation Protocol (SIP) Software for Cisco IP Phone 7800 Series and Cisco IP Phone 8800 Series could allow an unauthenticated, remote attacker to cause a denial of service (DoS) condition or execute arbitrary code. The vulnerability ...
CVE-2019-1763
PUBLISHED: 2019-03-22
A vulnerability in the web-based management interface of Session Initiation Protocol (SIP) Software for Cisco IP Phone 8800 Series could allow an unauthenticated, remote attacker to bypass authorization, access critical services, and cause a denial of service (DoS) condition. The vulnerability exist...