Cyber heists against banks and financial institutions are on the rise, getting more sophisticated
VMware, a leading innovator in enterprise software, has released the third annual “Modern Bank Heists” report, produced by VMware Carbon Black. The report combines original VMware Carbon Black threat data analysis with annual survey results featuring responses from 25 leading financial institution CISOs. “Financial institutions have long been targets for cybercrime syndicates,” said Tom Kellermann, head of security strategy, Security Business Unit, VMware. “Over the years, bank heists have escalated to virtual hostage situations where cybercrime groups and nation-states have attempted to commandeer digital transformation efforts. Now, as we address COVID-19’s impact on a global scale, it’s clear attackers are putting financial institutions directly in their crosshairs, according to our data.”
Among the key findings from the report:
Threat Data Analysis
Key Survey Results
The full report, available for download here, takes a look at some of the key attack types financial institutions are encountering; how modern cybercriminals are evolving; what tactics, techniques and procedures (TTPs) are emerging; and how defenders can keep pace.