Security News > 2020 > December > Combating the virtual and physical threats banks face

Today, banks must contend with near-constant cyber attacks from organized criminal gangs, as well as highly skilled and well-resourced threat actors working on behalf of nation-states.

The cyber threats facing banks are exacerbated by a large and complex infrastructure that presents threat actors with an extensive attack surface, allowing them to strike network infrastructure and systems like SWIFT, employees, customers, and physical assets like ATMs. The extent of these threats demands a proactive and persistent security program.

Alongside sophisticated malware, banks must contend with increasingly sophisticated phishing attacks.

While physical infiltrations are rare, the banking sector is a viable target for such an attack, and the results could be devastating.

The nature of the banking sector means organizations face a higher risk of criminal attacks that combine cyber and physical tactics.

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