Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

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
For Cybersecurity to Be Proactive, Terrains Must Be Mapped
Craig Harber, Chief Technology Officer at Fidelis Cybersecurity,  10/8/2019
A Realistic Threat Model for the Masses
Lysa Myers, Security Researcher, ESET,  10/9/2019
USB Drive Security Still Lags
Dark Reading Staff 10/9/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
7 Threats & Disruptive Forces Changing the Face of Cybersecurity
This Dark Reading Tech Digest gives an in-depth look at the biggest emerging threats and disruptive forces that are changing the face of cybersecurity today.
Flash Poll
2019 Online Malware and Threats
2019 Online Malware and Threats
As cyberattacks become more frequent and more sophisticated, enterprise security teams are under unprecedented pressure to respond. Is your organization ready?
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-17537
PUBLISHED: 2019-10-13
Jiangnan Online Judge (aka jnoj) 0.8.0 has Directory Traversal for file deletion via the web/polygon/problem/deletefile?id=1&name=../ substring.
CVE-2019-17538
PUBLISHED: 2019-10-13
Jiangnan Online Judge (aka jnoj) 0.8.0 has Directory Traversal for file reading via the web/polygon/problem/viewfile?id=1&name=../ substring.
CVE-2019-17535
PUBLISHED: 2019-10-13
Gila CMS through 1.11.4 allows blog-list.php XSS, in both the gila-blog and gila-mag themes, via the search parameter, a related issue to CVE-2019-9647.
CVE-2019-17536
PUBLISHED: 2019-10-13
Gila CMS through 1.11.4 allows Unrestricted Upload of a File with a Dangerous Type via the moveAction function in core/controllers/fm.php. The attacker needs to use admin/media_upload and fm/move.
CVE-2019-17533
PUBLISHED: 2019-10-13
Mat_VarReadNextInfo4 in mat4.c in MATIO 1.5.17 omits a certain '\0' character, leading to a heap-based buffer over-read in strdup_vprintf when uninitialized memory is accessed.