financial services | Page 2


The financial services industry was a primary target for cybercriminals in 2016, and due to the value of its data, it will remain in the crosshairs as we embark on 2017. As a result, financial services CIOs will be faced with security decisions and challenges that will likely keep them up at night. While this isn’t an exhaustive list of challenges CIOs will face in the coming year, we’ve outlined several challenges we believe nearly all financial services organizations will have to face in 2017. Let’s take a closer look. 1.... [Read More]
by RSS Brian Forster  |  Mar 16, 2017  |  Filed in: Industry Trends
IT teams in the financial services industry have historically invested in, and deployed, web application firewalls (WAFs) to comply with Payment Card Industry Data Security Standards (PCI DSS). However, many of today’s data security professionals recognize that unprotected web applications have become attractive targets for cybercriminals looking for easy entry points into their networks. In fact, according to recent data, 83 percent of enterprise IT executives believe application security is critical to their IT strategy. Additionally,... [Read More]
by RSS Brian Forster  |  Jan 30, 2017  |  Filed in: Industry Trends
As technology within the financial services industry continues to evolve, so too does the threat landscape. Fortinet offers cybersecurity predictions for 2017. [Read More]
by RSS Brian Forster  |  Jan 26, 2017  |  Filed in: Industry Trends
In meeting with large financial institutions, the single biggest thing we keep hearing about is the need to simplify and consolidate their security infrastructure. As Financial Services has evolved from person-to-person transactions to a fully digital business model, the industry’s networks have evolved as well, become increasingly complex and more difficult to defend. During this evolution, as new threats have emerged, financial organizations have gone out and purchased a host of different security products, often from different vendors,... [Read More]
by RSS Bart Richards  |  Jan 23, 2017  |  Filed in: Industry Trends
Financial services organizations are shifting applications to the cloud, seeking the efficiencies and cost reductions this move holds. However, with cybercriminals eager to get their hands on financial data, security is paramount – making it more important than ever to vet cloud security providers. [Read More]
by RSS Brian Forster  |  Dec 22, 2016  |  Filed in: Industry Trends
  One month ago we captured a Word document infected with malicious VBA code, which was detected as WM/Agent!tr by the Fortinet AntiVirus service. Its file name is InternalFax.doc, and its MD5 is 4F2139E3961202B1DFEAE288AED5CB8F.  By our analysis, the Word document was used to download and spread the botnet TrickBot. TrickBot aims at stealing online banking information from browsers when victims are visiting online banks. The targeted banks are from Australia, New Zealand, Germany, United Kingdom, Canada, United States, Israel, and... [Read More]
by RSS Xiaopeng Zhang  |  Dec 06, 2016  |  Filed in: Security Research
Ensuring data security in financial services is critical to maintaining a positive reputation. Read this post to find out more. [Read More]
by RSS Brian Forster  |  Dec 01, 2016  |  Filed in: Industry Trends
New variants of android banking malware target even more German banks, popular social media apps, and more Summary In my previous blog I provided a detailed analysis of a new android banking malware that spoofed the mobile applications of several large German banks to trick users into revealing their banking credentials. This week I found several new variants of this growing malware, and in this update I am sharing these new findings. Install the malware One of these variants masquerades as another German mobile banking app. Once installed,... [Read More]
by RSS Kai Lu  |  Nov 18, 2016  |  Filed in: Security Research
Summary We recently found an Android banking malware masquerading as an email app that targets several large German banks. This banking malware is designed to steal login credentials from 15 different mobile banking apps for German banks. It also has the ability to resist anti-virus mobile apps, as well as hinder 30 different anti-virus programs and prevent them from launching. Install the malware The malware masquerades as an email app. Once installed, its icon appears in the launcher, as shown below. Figure 1. Malware App Icon   Figure... [Read More]
by RSS Kai Lu  |  Nov 18, 2016  |  Filed in: Security Research
The financial services industry is always looking at the latest trends to better protect their data. Read this post to learn what’s happening today. [Read More]
by RSS Brian Forster  |  Nov 01, 2016  |  Filed in: Industry Trends