Use cutting-edge deception technology and proactive defense strategies to protect your financial services from advanced threats. At Acalvio, we specialize in providing state-of-the-art cyber deception solutions tailored to the unique needs of financial services. In an era of cloud adoption, SaaS platforms, new payment methods, and instant, automated financial transactions, Acalvio’s solutions ensure robust security, seamless integration, and compliance. Stay ahead of cyber threats with unparalleled visibility, automated threat detection, and response capabilities designed to safeguard your financial services in a rapidly evolving digital landscape.
Financial Services Current Threat Landscape
Cyber criminals target financial services primarily because the rewards are higher. The Finance department typically handles vast amounts of sensitive data, including personal information and financial records. The interconnected nature of financial systems means that a successful breach can give a hacker access to multiple stores of valuable data. This makes it imperative that finance and cyber security go hand in hand.
Financial institutions face a multitude of sophisticated cyber threats, including:
Cybercriminals use ransomware to lock critical systems, demanding hefty ransoms for release.
Unauthorized access and identity theft are on the rise, compromising sensitive financial data.
Custom Malware
Specialized malware targeting financial systems to steal data and disrupt operations.
Challenges Faced by Financial Services
Financial services are increasingly vulnerable to cyber threats as organizations continue to evolve and integrate new technologies. Organizations must navigate a complex landscape of security challenges to protect sensitive data and maintain trust with customers. These challenges are aggravated by the rapid pace of digital transformation and the ever-evolving tactics of cybercriminals. The following are some of the key challenges faced by financial services:
Expanding Attack Surface: With the proliferation of digital channels and devices, financial services have a wider attack surface, increasing the number of potential entry points for cyberattacks.
Cloud Adoption Risks: While cloud services offer scalability and flexibility, they also introduce new security vulnerabilities and data privacy concerns.
Complex Networks: The interconnected nature of financial networks means that a security breach in one area can quickly spread, affecting multiple systems and data sources.
Ineffective Application and Network Segmentation: Poor segmentation practices can lead to a failure to contain attacks, allowing threats to move laterally across the network and access sensitive information.
Cost Constraints: Allocating sufficient resources for comprehensive cybersecurity measures can be challenging, especially for small to mid-size organizations with limited budgets.
Meeting Customer Expectations: Customers expect seamless, secure, and convenient digital banking experiences. These expectations require financial services to continuously innovate without compromising security.
Traditional Security Solutions Fall Short for Financial Services
Prevention
Regulations have associated policies that serve as a prevention-based defense mechanism. Adversaries bypass these controls by leveraging legitimate credentials.
Detection
Financial services have relied heavily on traditional detection tools. However, much of the equipment used in finance has unique, bespoke characteristics that may be incompatible with traditional cybersecurity solutions.
Infrastructure
Financial services infrastructure includes essential systems like transaction servers and databases for transactions and payments. In financial institutions, this infrastructure also encompasses treasury management for corporate services, core systems for transaction processing, and retail banking for consumer services.
Vulnerability Exploits
Adversaries perform vulnerability exploits and leverage credentials to gain unauthorized access to assets in financial services.
Benefits of Using Deception Technology for Active Defense
Game-Changing Deception Use Cases for Financial Services
Services Assets
Attacks
and Data Exfiltration
Why Acalvio for Financial Services?
Acalvio’s deception technology is specifically designed to address the unique challenges faced by financial services.
Deception Based on Financial Assets: Deploy deception strategies tailored to mimic and protect specific financial assets, while misleading and diverting attackers.
Deceptive Data Baits: Deploy data baits to lure and trap cyber threats, protecting real sensitive information.
Prepackaged Playbooks for Financial Services: Enhance threat response and management by using prepackaged playbooks designed specifically for financial services.
Agentless Solution: Eliminate management overheads with agentless deception deployment, ensuring ease of use and maintenance.
Non-Intrusive Approach: Ensure no production impact with non-intrusive deception deployment, maintaining the integrity of your operational systems.
Scalable Platform: Protect assets across large and distributed environments with Acalvio’s highly scalable platform.
Preintegrated with Existing Security Solutions: Seamlessly integrate with existing security infrastructure, including EDR, SIEM, and SOAR, to enhance overall security posture.
Acalvio’s solutions provide unparalleled visibility, automated threat detection, and response capabilities, ensuring robust security and compliance for financial services.
Protect your financial infrastructure and data
Join forces with Acalvio to fortify your financial infrastructure. Reach out today to learn more about our industry-leading deception platform and its role in protecting financial services with no production impact.