Third annual report details how financial CISOs are battling ransomware, wire fraud transfer, island hopping, destructive attacks, and counter incident response
PALO ALTO, Calif.--(BUSINESS WIRE)-- VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today released the third annual “Modern Bank Heists” report, produced by VMware Carbon Black. The report combines original VMware Carbon Black threat data analysis with annual survey results featuring responses from 25 leading financial institution CISOs.
“Financial institutions have long been targets for cybercrime syndicates,” said Tom Kellermann, head of security strategy, Security Business Unit, VMware. “Over the years, bank heists have escalated to virtual hostage situations where cybercrime groups and nation-states have attempted to commandeer digital transformation efforts. Now, as we address COVID-19’s impact on a global scale, it’s clear attackers are putting financial institutions directly in their crosshairs, according to our data.”
Among the key findings from the report:
Threat Data Analysis
Key Survey Results
The full report, available for download here, takes a look at some of the key attack types financial institutions are encountering; how modern cybercriminals are evolving; what tactics, techniques and procedures (TTPs) are emerging; and how defenders can keep pace.
Click here to download the report
Additional Resources
Day two of Connect 2020, VMware’s annual cybersecurity conference, kicks off today at 11am ET. There’s still time to register here!
On May 13, VMwareannounced its intent to acquire Octarine, which will bring intrinsic security to containerized applications running in Kubernetes and build security capabilities into the fabric of the existing IT and DevOps ecosystems. The company also announced the creation of a Next-Gen SOC Alliance featuring industry-leading SIEM/SOAR vendors Splunk, IBM Security, Google Cloud’s Chronicle, Exabeam, and Sumo Logic.
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Ryan MurphyVMware Carbon Black Global Communicationsrymurphy@vmware.com 917-693-2788
Source: VMware, Inc.