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Financial Services: The Most Attacked Industry in 2016

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Financial services was the most attacked industry in 2016. Undeterred by the industry’s sizeable investment in threat monitoring and detection, hackers are unleashing new attack vectors to breach critical data sources. Customers’ financial data and identities are extremely valuable, easily monetized on the Dark Web and increasingly held hostage for ransom.

This infographic reveals 5 things you can do to protect your assets and customers against loss. To learn more, visit https://ibm.co/2BuXAAS.

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Financial Services: The Most Attacked Industry in 2016

  1. 1. Financial services: a profitable target for cybercrime1 Undeterred by the industry’s sizeable investment in threat monitoring and detection, hackers are unleashing new attack vectors to breach critical data sources. Customers’ financial data and identities are extremely valuable, easily monetized on the Dark Web and increasingly held hostage for ransom. Attacks are more serious and potentially damaging © Copyright IBM Corporation 2017. IBM, the IBM logo, ibm.com and X-Force are trademarks of International Business Machines Corp., registered in many jurisdictions worldwide. Other product and service names might be trademarks of IBM or other companies. A current list of IBM trademarks is available on the web at “Copyright and trademark information” at ibm.com/legal/copytrade SE912364-USEN-01 ¹IBM X-Force Threat Intelligence Index, 2017. ²IBM X-Force Research: Security trends in the financial services sector, 2017 ³“2017 Cost of Data Breach Study, Global Analysis" Sponsored by IBM, Ponemon Institute, June 2017. Learn how to protect your firm from becoming another cyber statistic. Discover IBM Security and start mounting your defense today. Visit ibm.com/security/solutions 48% fewer security incidents¹ Organizations monitored by IBM® X-Force® security monitoring experienced 65% more security events than other industries² 102M security events experienced by financial firms² 200M financial records breached in one year² 42% of financial services attacks are external attacks¹ 5% from malicious insiders that aim to do harm¹ 53% from inadvertent actors that unwittingly aid attackers¹ 58% are insider attacks¹ 5 things you can do to protect assets and customers against loss Deploy data security and privacy measures Address the need for growing governance, risk and compliance controls by implementing better data protection, access controls and monitoring 2 Exploit the power of analytics and intelligence Automate the capture and use of cyber threat intelligence, along with machine learning and behavior analytics for enhanced detection and prevention 1 Improve hybrid cloud security and access controls Fully capitalize on interoperability and cloud-enabled efficiencies by reducing cloud risks and IT fragmentation 3 Institute Internet of Things and mobile security Meet rising customer demands for anytime, anywhere, any device access and for the safety of identity and financial data from cross-channel cybercrime 4 Safeguard deployment of new technologies Proactively examine potential vulnerabilities and identify security changes that will be needed to stay safe and competitive, including blockchain 5 $81M stolen from bank in account takeover² $3.62M average total cost of a data breach³

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