Click here to close now.

SYS-CON MEDIA Authors: AppDynamics Blog, Mike Kavis, Esmeralda Swartz, Cloud Best Practices Network, Ruxit Blog

News Feed Item

Financial Accounts and Endpoints Most at Risk: SANS Survey on Financial Services Security Programs

Results released in two-part complimentary webcast series on March 26 and March 27 at 1 PM EDT

BETHESDA, Md., March 20, 2014 /PRNewswire-USNewswire/ -- Many types of organizations (not just financial) indicated that they are in the business of processing and storing financial information and are subject to compliance with multiple regulations, according to the recently conducted SANS Survey on Financial Service Security completed by 293 IT security professionals.

In the two-part webcast, we will share what types of attacks industry participants are suffering from and how well prepared they believe they are to fend off attacks.

In the survey, 32% of respondents say their organizations spend more than 25% of their security budget on meeting or providing compliance mandates. Yet, only 16% felt very prepared to fend off attacks against financial accounts.

"This survey confirms that most attacks start from within, either through abuse, misuse or by employees falling victim to spearphishing emails," says senior SANS analyst and instructor, G. Mark Hardy, who authored the report. "However, quantifying losses is difficult, with nearly half of the survey participants unable to do so."

Of those that were able to quantify attacks on their organization, 44% suffered direct loss against impacted financial accounts and an additional 36% said they had experienced direct losses due to denial of service interrupting their business.

Survey respondents reported the most losses resulting from the following types of attacks:

  • Abuse or misuse by internal employees or contractors (43%)
  • Spearphishing emails (43%)
  • Malware or botnet infections (42%)

Survey results also reveal that there is room for improvement in security programs.

"Vulnerability scanning, continuous monitoring, advanced firewalls, IDS and IPS have the widest adoption among respondents," explains Hardy, "While real-time threat intelligence and in-house security analytics have significant opportunity for increased market penetration."  

The good news is that 49% of respondents plan to invest more heavily in security in the next 24 months.

"Security spending is up, but so are regulatory reporting requirements," says Hardy.

"Unfortunately, compliance can siphon off scarce funds that could otherwise be used to reduce further losses."

Results will be released in a two-part webcast series featuring G. Mark Hardy and John Pescatore:

SANS Financial Services Security Survey Part I: Risks and Preparedness, Wednesday March 26 at 1 PM EDT  www.sans.org/info/155260

SANS Financial Services Security Part II: Drivers and Wish Lists, Thursday, March 27 at 1 PM EDT  www.sans.org/info/155265

Tweet This:

Customer account breaches and DoS top concerns in SANS survey! Attend webcast March 26 @SANSInstitute. http://bit.ly/Fin-SurvResults

Financial sector strengths and weaknesses revealed in SANS survey. Webcast March 27 @SANSInstitute. http://bit.ly/Fin-SurvResults

Peer education in Financial Services Risk Management in a SANS survey. Webcast March 27 @SANS Institute. http://bit.ly/Fin-SurvResults

About SANS Institute
The SANS Institute was established in 1989 as a cooperative research and education organization. SANS is the most trusted and, by far, the largest source for world-class information security training and security certification in the world, offering over 50 training courses each year. GIAC, an affiliate of the SANS Institute, is a certification body featuring over 27 hands-on, technical certifications in information security. SANS offers a myriad of free resources to the InfoSec community including consensus projects, research reports, and newsletters; it also operates the Internet's early warning system—the Internet Storm Center. At the heart of SANS are the many security practitioners, representing varied global organizations from corporations to universities, working together to help the entire information security community. (www.SANS.org)

SOURCE SANS Institute

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Plutora provides enterprise release management and test environment SaaS solutions to clients in North America, Europe and Asia Pacific. Leading companies across a variety of industries, including financial services, telecommunications, retail, pharmaceutical and media, rely on Plutora's SaaS solutions to orchestrate releases and environments faster and with integrity. Products include Plutora Release Manager, Plutora Test Environment Manager and Plutora Deployment Manager.
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on T...
Hosted PaaS providers have given independent developers and startups huge advantages in efficiency and reduced time-to-market over their more process-bound counterparts in enterprises. Software frameworks are now available that allow enterprise IT departments to provide these same advantages for developers in their own organization. In his workshop session at DevOps Summit, Troy Topnik, ActiveState’s Technical Product Manager, will show how on-prem or cloud-hosted Private PaaS can enable organ...
When it comes to building applications, one database definitely does not fit all. Traditional SQL databases are great for storing highly structured, normalized data and performing analytics and reporting. NoSQL has attracted developers with its awesome flexibility, and JSON-centric document stores like Cloudant make web developers incredibly productive by offering a JavaScript environment from end-to-end. Recent Big Data challenges have driven the need for a distributed approach to analytics e...
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Ras...
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud....
SYS-CON Events announced today that the DevOps Institute has been named “Association Sponsor” of SYS-CON's DevOps Summit, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. The DevOps Institute provides enterprise level training and certification. Working with thought leaders from the DevOps community, the IT Service Management field and the IT training market, the DevOps Institute is setting the standard in quality for DevOps education and training.
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting we...
SYS-CON Events announced today the DevOps Foundation Certification Course, being held June ?, 2015, in conjunction with DevOps Summit and 16th Cloud Expo at the Javits Center in New York City, NY. This sixteen (16) hour course provides an introduction to DevOps – the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will res...
Even though it’s now Microservices Journal, long-time fans of SOA World Magazine can take comfort in the fact that the URL – soa.sys-con.com – remains unchanged. And that’s no mistake, as microservices are really nothing more than a new and improved take on the Service-Oriented Architecture (SOA) best practices we struggled to hammer out over the last decade. Skeptics, however, might say that this change is nothing more than an exercise in buzzword-hopping. SOA is passé, and now that people are ...
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch ...
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
SOA Software has changed its name to Akana. With roots in Web Services and SOA Governance, Akana has established itself as a leader in API Management and is expanding into cloud integration as an alternative to the traditional heavyweight enterprise service bus (ESB). The company recently announced that it achieved more than 90% year-over-year growth. As Akana, the company now addresses the evolution and diversification of SOA, unifying security, management, and DevOps across SOA, APIs, microser...
The webinar, hosted by XebiaLabs, will feature 4 experts including Special Host Gene Kim, author of The Phoenix Project, along with IT thought leaders Gary Gruver, Randy Shoup and XebiaLabs' Andrew Phillips. The panel brings more than 30 years of collective experience surrounding microservices transformations at major companies including Google, eBay and Tripwire. "The story around microservices and containers is pretty compelling and the attraction of more flexibility is obviously alluring,"...
SYS-CON Events announced today that Creative Business Solutions will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Creative Business Solutions is the top stocking authorized HP Renew Distributor in the U.S. Based out of Long Island, NY, Creative Business Solutions offers a one-stop shop for a diverse range of products including Proliant, Blade and Industry Standard Servers, Networking, Server Options and...