THREATQ FOR:

The Financial Services Industry

When it comes to cyberattacks, the financial services industry is an attractive and lucrative target. Financial Services is often the most-attacked industry with customers suffering far more cyberattacks than any other industry.1

Key Financial Services Challenges

INCREASE IN ATTACK SURFACES WITH EMERGING TECHNOLOGIES

Customers expect 24/7 availability of services from any device, anywhere. Threat actors disrupt the flow of business with Distributed-Denial-of-Service (DDoS) attacks. These campaigns are relatively easy to execute using third-party tools and services and are among the costliest attack type for firms to address. Increasingly, threat actors also target the social and mobile networks firms use to engage and support customers and run business operations.

ATTRACTIVE TARGET FOR FINANCIALLY MOTIVATED ACTORS

Cybercriminals target financial institutions because that’s where the money is and there are many ways to profit. They are actively exploiting vulnerabilities in ATMs, while networks like SWIFT (Society for Worldwide Interbank Financial Telecommunication) provide a means for criminal groups to steal directly from banks or surreptitiously shift money stolen from other sources.

WEB APPLICATION ATTACKS

Financial services firms use web applications to provide a wide array of online and digital services to employees and customers. These applications allow users to submit and retrieve data from databases using their browsers. Threat actors exploit vulnerabilities in these applications and the devices used to access them to infiltrate networks and systems and steal confidential data and money.

THREATQUOTIENT IS A PROUD AFFILIATE OF FS-ISAC

THE DATASHEET

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ThreatQ Brings Order to the Financial Services Industry

CONSOLIDATE

all sources of external (e.g., FS-ISAC) and internal (e.g., SIEM) threat intelligence and vulnerability data in a central repository.

ELIMINATE

noise and easily navigate through vast amounts of threat data to focus on critical assets and vulnerabilities .

PRIORITIZE

what matters most for your environment.

INTEGRATE

only relevant indicators into your security policies.

PROACTIVELY HUNT

for malicious activity which may signal bank account data compromise, payment card fraud, DDoS attacks and other harm to consumers and merchants.

FOCUS

on known security vulnerabilities in currently active exploits which may impact regulatory status and security posture.

ACCELERATE ANALYSIS

and response to attacks against multiple targets including ATM systems, SWIFT network, web applications, new digital channels and supporting infrastructure.

AUTOMATICALLY

push threat intelligence to detection and response tools.

“We now have IOC data from trusted sources being sent proactively to detection-only watch lists in various internal security controls without daily oversight required by the team’s personnel. What’s more, because we’re selectively exporting data to the tool specifically designed to consume it, we aren’t pushing massive amounts of data across the network and slowing things down.”

— Director of Threat Response, Fortune 500 Financial Services Company

 

ThreatQ Cyber Forum: Evolution of Sharing CTI in the Finance Industry

Sharing threat intelligence in the financial industry

The Power of ThreatQ

The ThreatQ Platform has taken a data-driven approach to security operations. This approach allows security teams to prioritize based on threat and risk, collaborate across teams, automate actions and workflows and integrate point products into a single security infrastructure.

 

Learn how ThreatQ supports different use cases:

1 Congressional Research Service, “Introduction to Financial Services: Financial Cybersecurity”, January 5, 2023, https://crsreports.congress.gov/product/pdf/IF/IF11717