1Cyber-Attackers Continue Assault on Financial Services, IBM Reports
Financial services is typically one of the most targeted industry verticals by cyber-attackers, and 2016 was no exception. In fact, according to a new report by IBM Security, the financial services industry was attacked more than any other industry last year. On a positive note, however, the average financial services company that IBM monitors experienced fewer security incidents in 2016 than they did in 2015. IBM Security released the new report on financial services security trends on April 27, providing insight into the types of cyber-attack methods and exploits being used on financial services companies. In this slide show, eWEEK takes a look at some of the highlights of the research from the IBM X-Force Research team.
2Financial Services Remains a Top Target
3Security Incidents on the Decline
While the overall number of attacks on financial services grew in 2016, IBM reported a decline in the volume of security incidents. IBM defines a security incident as an attack or security event that was reviewed by IBM security analysts and deemed worthy of deeper investigation. The average financial services client monitored by IBM had 94 security incidents in 2016, down from 192 in 2015.
4Insiders Are Increasingly to Blame
5Injection Is the Top Attack
6Shellshock Shocked Financial Services
7Attackers Manipulated Data Structures
8Organizations Around the World Were Attacked
Among the global attacks highlighted in the IBM report is the $81 million attack against banks in Bangladesh.