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Finance Industry Faces More Sophisticated, Persistent Threat Actors

A recent survey reveals that cybercriminals targeting the finance industry are becoming more sophisticated and taking counter-measures to thwart responders rather than just avoiding detection. Of the respondents, 67% indicated an increase in cyber attacks against their organisations over the past 12 months with 79% describing the attackers as targeted, advanced and persistent. A third of the respondents also detected attacks leveraging the compromise of vendors and partners to establish trust and perform social engineering attacks. Of note, 32% experienced counter-incident responses as attackers sought to maintain presence throughout the compromised network and protect their positions by turning the intrusion into a siege-based hostage situation.

[1] Modern Bank Heists: The Bank Robbery Shifts to Cyberspace

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