Financial Institutions are Suffering from Increasingly Sophisticated Cyber Attacks, Which Require a Defensive Paradigm Shift, According to the Cyber Bank Heists Report Released by Contrast Security
PR News Wire
LOS ALTOS, Calif.
, Feb. 7, 2023
/PRNewswire/ -- Contrast Security
(Contrast), the code security platform built for developers and trusted by security, today released its Cyber Bank Heists report
, an annual report that exposes the cybersecurity threats facing the financial sector.
Authored by Contrast's Senior Vice President of Cyber Strategy Tom Kellermann, the report is a warning to global financial institutions (FIs) that security must be a top-of-mind issue amid rising geopolitical tensions, increased destructive attacks utilizing wipers and a record-breaking year of zero-day exploits. Financial sector security leaders from around the world - in a series of interviews - revealed specific trends when it comes to notable cyberattacks, e-fraud and cyber defense. Some of the most eye-opening results from the report include: