Financial Solutions

How Breach and Attack Simulation Improves Financial Cybersecurity

Financial Companies Under Attack

 The bank robber Willie Sutton, when asked why he robbed banks, famously said, “Because that’s where the money is!” It’s no surprise then that financial organizations are a huge target for attackers. Security teams at financial companies face the challenge of securing customer and financial data, while dealing with the following:

  • Compliance requirements such as PCI, FINRA, SEC, OCC, EBA, MAS due to the sensitivity of the financial transactions that are being performed
  • Mergers and acquisitions, and collaboration with a myriad of third-party partners that may have access to confidential data from several entry points
  • Supporting new technology innovations and broader IT trends such as zero trust, network segmentation and cloud computing
  • Garnering board support to ensure continued investment in security, and making sure security spend is focused on the right areas

Proven Deployments in F500 Financials

SafeBreach offers the leading Breach and Attack Simulation platform that automatically, continuously and safely simulates attacks to validate security. Deployed across banks, institutional investors, insurance companies, asset managers, fintech and financial companies across the globe, security teams can validate their defenses against top financial attacks such as SWIFT, Carbanak, Citadel, SpyEye, CryptoLocker and more. 

Segmentation policies and new security implementations can be validated, in addition to process. For example, how well security operations teams are able to respond to a potential breach. SafeBreach simulations can also be extended to validate the security of third-party organizations. For example, when investigating potential mergers, acquisitions or partners, security teams can ensure that no additional risks are being brought in to their environment. SafeBreach integrated reports and dashboards show security trends over time, providing the board and key executives with actual data on the performance of security investments. 

Improving Financial Security With SafeBreach

Attackers have the upper hand, as evidenced by massive breaches, news headlines, consumer trust issues, and executive turnover. To change this trend, and put control back into the hands of defenders, financial organizations must simulate attacks, to validate the efficacy of their security defenses.

Safely simulating attacks in production allows financial defenders to:

  • Proactively identify gaps and enable mitigation before breach.
  • Show how people, processes, and technologies will react in a simulated breach scenario.
  • Prioritize remediation of issues based on proven, actual data 

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