[Podcast] Evolving Bank Security Threats

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It was only last week that we applauded banks for introducing cardless ATMs in an effort to curb financial fraud. But with the latest bank heists, it may help to turn up the offense and defense. Why? Hackers were able to drill a hole, connect a wire, cover it up with a sticker and the ATM will automatically and obediently dispense thousands. Another group of enterprising hackers changed a bank’s DNS, taking over their website and mobile sites, redirecting customers to phishing sites.

But let’s be honest and realistic. Bank security is no easy feat. They’re complicated systems with a large attack surface to defend. Whereas attackers only need to find one vulnerability, sprinkle it with technical expertise, and gets to decide when and how the attack happens. Moreover, they don’t have to worry about bureaucracy, meeting compliance and following laws. The bottom-line is that attackers have more flexibility and are more agile.

In addition to evolving bank security threats, we also covered the following:

Tool of the week: ngrok, secure introspected tunnels to localhost


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The post [Podcast] Evolving Bank Security Threats appeared first on Varonis Blog.

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Varonis is a pioneer in data security and analytics, fighting a different battle than conventional cybersecurity companies. Varonis focuses on protecting enterprise data on premises and in the cloud: sensitive files and emails; confidential customer, patient and employee data; financial records; strategic and product plans; and other intellectual property. The Varonis Data Security Platform detects insider threats and cyberattacks by analyzing data, account activity and user behavior; prevents and limits disaster by locking down sensitive and stale data; and efficiently sustains a secure state with automation. With a focus on data security, Varonis serves a variety of use cases including governance, compliance, classification, and threat analytics. Varonis started operations in 2005 and, as of December 31, 2017, had approximately 6,250 customers worldwide — comprised of industry leaders in many sectors including technology, consumer, retail, financial services, healthcare, manufacturing, energy, media, and education.
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