Excerpts from Modern Bank Heists – Nation State Threats

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Carbon Black recently published a report on the latest non-malware attack methods, and how to counteract them. For more information about how Cb Defense, Carbon Black’s NGAV + EDR solution, helps enterprises address their endpoint security challenges, check out our weekly Cb Defense Live Demo, every Wednesday at 2PM EST, 11AM PST.


Modern Bank Heists

Cyberattacks & Lateral Movements in the Financial Sector

Nation State Threats

Russia (59%), China (23%) and North Korea (16%) are the most concerning nation-state actors associated with cyberattacks, according to financial institution CISOs in our survey. Geopolitical tension serves as a harbinger for cyberattacks. There’s perhaps no surprise with the results to this question with Russia leading the way, given the country’s continued efforts to attack and influence the West, including the United States’ 2016 presidential election.

The “Silicon Valley of the Dark Web” lies in St. Petersburg, Russia. Russian cybercriminals have demonstrated advanced sophistication among hacking groups. Russia’s motivation for targeting financial institutions appears to go beyond financial gain or countering economic sanctions. Since 2014, many of the best cybercriminals have acted patriotically on accession to support Russia’s strategic goals. Corporate espionage, sensitive data, trade secrets and personal information for executives, partners and customers all seem to be in play when it comes to Russia’s cyberattack efforts.

 


 

Listen to our security experts at Carbon Black and Network Security Engineer Christopher St. Amand at PeoplesBank during a recent webinar where we discussed the benefits of cloud-based security platforms and how they apply to your specific needs.

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Thanks for joining us as we explored “Modern Bank Heists,” our report on the changing landscape of cybercrime in the financial sector and how to arm your institution against a breach. You can click here to get a copy of the full report. Join us next week as we continue to profile this report.

The post Excerpts from Modern Bank Heists – Nation State Threats appeared first on Carbon Black.

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Carbon Black is the leading provider of next-generation endpoint security. Carbon Black’s Next-Generation Antivirus (NGAV) solution, Cb Defense, leverages breakthrough prevention technology, “Streaming Prevention,” to instantly see and stop cyberattacks before they execute. Cb Defense uniquely combines breakthrough prevention with market-leading detection and response into a single, lightweight agent delivered through the cloud. With more than 7 million endpoints under management, Carbon Black has more than 2,500 customers, including 30 of the Fortune 100. These customers use Carbon Black to replace legacy antivirus, lock down critical systems, hunt threats, and protect their endpoints from the most advanced cyberattacks, including non-malware attacks.
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Everyday companies put more of their assets in digital form. Healthcare records, retail purchases and personnel files are just some of the many examples of how our entire lives have moved online. While this makes our interconnected lives more convenient, it also makes them more vulnerable to attack. The monetary benefits of exploiting these vulnerabilities have created an extremely profitable underground economy; one that mimics the same one we all participate in and has led to an increase in the sophistication and frequency of attacks. At the same time, mobility and cloud are changing the security landscape. We’ve moved from a centralized to a decentralized model as end users increasingly work on-the-go and access critical business applications and resources from anywhere. As such there is more emphasis on the endpoint and individual identities - from both the defender and the attacker - than ever before. As endpoints become smarter, new challenges emerge: emerging ransomware and 0-day exploits infect all kinds of systems with ease, while many attackers use no malware at all to accomplish their malicious goals. With all this change, we spoke to 7 leading security experts to identify what’s working and how they’ve influenced their organization to make the necessary changes before becoming the next victim.

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