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Threats financial organizations will face in 2019

July 12, 2018

What type of threats will financial services and banking organizations face in 2019? According to IntSights Cyber Intelligence, they should be prepared for breaches effected through compromise of established vendor software or SaaS products, and vulnerable third-party, open source software implemented in the applications they use.

Also: extortion attempts. “Regulation fines and brand reputation damage can be way more costly than downtime or lost data. Given the large fines for GDPR laws and massive data breach incidents in the US that drew attention from the Senate, we believe attackers will try to leverage a company’s fear of similar incidents,” the company explained in a recently released report.

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