Challenges

Financial organizations are an especially attractive target for cyber criminals. Not only for stealing money, but also to obtain sensitive customer data that can be sold for copious amounts on the black market (according to the Ponemon Institute). As cybercriminals find new ways to attack, breach, and exploit organizations, threat patterns such as phishing, spear-phishing, and social engineering evolve and become more sophisticated. Financial organizations need solutions that assess vulnerabilities and protect them from known and unknown threats.

In 2015 Kaspersky Lab uncovered a cyber attack on more than 100 banks across 30 countries that resulted in financial losses of up to one billion dollars. Many of these attacks, including the cyber attacks that Kaspersky discovered, started with a spear phishing attack. The attackers gain entry by sending out targeted emails to selected individuals with a malicious link or attachment. In the banking hack that Kaspersky uncovered, the email attachment was an infected Microsoft Word document. Once the attachment was opened, the attackers were able to obtain access to the system and proceed in stealth to analyze, monitor and ultimately steal large sums from the banks they infiltrated.

What should financial organizations be doing to protect themselves against these data breaches?

Improve Threat Detection

Financial organizations need to improve their ability to detect malware threats, both known and unknown. Many companies only use one or two antivirus engines. With the sheer number of new malware released each day, this will not provide sufficient protection. When combining the detection algorithms and heuristics of different engines, the chance of catching threats increases exponentially, including zero-day and targeted attacks. Multi-scanning with multiple anti-malware engines needs to be applied to all data workflows of the organization, including email, servers, clients, browsing, portable media and file transfer.

Enhanced Threat Prevention

In the event that a threat is not detected by antivirus engines, there are some additional precautions that can be taken to prevent malware infection by undetected threats. By converting files to a different format, data sanitization can ensure that any possible embedded threats are removed. For instance in the attack that Kaspersky uncovered, the spear phishing email included a malicious Word document. If data sanitization had been applied, the Word document could have been rendered harmless before it was delivered to the recipient.

File type and email attachment control, such as limiting the types of email attachments that are allowed in as well as intercepting spoofed files by verifying the file format, can also help prevent any possible malicious files circumventing filters.

By ensuring that devices and endpoints are up to date with the latest patches and antivirus updates, the chance that malware is able to infect the computer is decreased. In the financial breach that Kaspersky discovered, only the Word installations that were not up-to-date were vulnerable to the malware in the email attachment. In order to properly monitor devices, financial institutions require a central monitoring system that can detect compromised machines.

Keeping Data Secure

Financial organizations need to improve their ability to detect malware threats, both known and unknown. Many companies only use one or two antivirus engines. With the sheer number of new malware released each day, this will not provide sufficient protection. When combining the detection algorithms and heuristics of different engines, the chance of catching threats increases exponentially, including zero-day and targeted attacks. Multi-scanning with multiple anti-malware engines needs to be applied to all data workflows of the organization, including email, servers, clients, browsing, portable media and file transfer.

The most effective Anti-Phishing and Anti-Spear Phishing email solution.

Vade Secure is the global leader in anti-phishing software, offering a full set of security features against phishing, malware and spam. The company is entrusted to protect 300M mailboxes worldwide. This breadth of deployment has given Vade Secure unique insights into the nature of malicious emails. The resulting proprietary knowledge enables Vade Secure to provide comprehensive solutions against all email threats, ensuring a zero-day protection even on small waves of email.

Main Component

  • Anti-Malware - Vade Secure’ s anti-malware layered approach includes standard fingerprint analysis, technical analysis, and behavioral analysis.
  • Anti-Phishing & Spear Phishing - Using artificial intelligence, Vade Secure performs a deep analysis of every email you receive to look for attempts from hackers to steal

Your personal information.

  • Anti-Spam & Email Management - Classifies every email in different categories—commercial emails, newsletters, social network, and legitimate email.
  • One-Click unsubscribe – Unsubscribe to unwanted email in just a single click.
  • Time of Click - Time-of-Click enables to recheck the URL when the users click on them. The scan of the webpage at the time of click assures to block every phishing attempt (even polymorphic ones) in real-time.

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Detect and prevent Known & Unknown threats as well as system vulnerabilities.

OPSWAT delivers solutions and technologies that protect organizations from threats and help secure digital data flow for email, web-proxy, endpoint and kiosk deployments.

Main Component

  • Multi-scanning - Maximum protection with over 30 anti-malware engines
  • Data Sanitization (CDR) - 90+ data sanitization engines to prevent unknown threats
  • Vulnerability Detection - Detect and prevent known vulnerabilities from entering your organization
  • Heuristics - Leverage many heuristic engines to detect unknown threats
  • Archive Extraction - Fast and customized archive scanning for over 30 file types
  • File Type Verification - Block spoofed file types from entering your organization
  • Protect from malware targeting Windows, Mac, Linux, iOS, and Android operating systems

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Benefits

Avoid Zero-Day attacks

Heuristic filter technology that analyses individually the emails in their entirety to detect all the threats, even very targeted zero-day attacks.

Personal Data Warning

Artificial Intelligence creates a warning if there are sensitive data requests.

Sanitize high-risk files

Certain file types such as Microsoft Office documents, PDFs, and image files often contain embedded objects such as scripts and macros that can trigger malicious code to execute when opened.