{"id":848,"date":"2022-02-25T09:30:39","date_gmt":"2022-02-25T09:30:39","guid":{"rendered":"https:\/\/www.tsfactory.com\/forums\/?p=848"},"modified":"2022-02-23T09:34:40","modified_gmt":"2022-02-23T09:34:40","slug":"cyber-struggles-for-finance-sector-may-get-worse-in-2022","status":"publish","type":"post","link":"https:\/\/www.tsfactory.com\/forums\/blog\/cyber-struggles-for-finance-sector-may-get-worse-in-2022\/","title":{"rendered":"Cyber struggles for finance sector may get worse in 2022"},"content":{"rendered":"<p>The past year brought on or exacerbated several trends in IT security facing the U.S. financial industry. Going into the third year of this pandemic, the same cyberthreats are expected to continue and potentially escalate if not checked, according to research from Aite-Novarica Group.<\/p>\n<p>IT security is \u201ca difficult and important topic, perhaps the most difficult and exciting issue in the market today,\u201d said John Horn, cybersecurity practice director for Aite-Novarica Group, commenting during a webinar last week on these issues.<\/p>\n<p>Ransomware, DataSecOps, zero-trust architectures and\u00a0<a href=\"https:\/\/www.scmagazine.com\/webcast\/the-age-of-mssps-uncovering-the-whys-of-managed-services\/\" data-type=\"learning\" data-id=\"206508\" data-feathr-click-track=\"true\">managed security<\/a>\u00a0have all evolved in recent months, according to Aite-Novarica Group\u2019s Top 10 Trends in Cybersecurity 2022: Combating Industrialized Cybercrime Attacks.<\/p>\n<p>\u201cWe all wish we had a crystal ball,\u201d said Tari Schreider, strategic advisor for Aite-Novarica Group. Financial firms have seen a 1,300% increase in\u00a0<a href=\"https:\/\/www.scmagazine.com\/analysis\/cybercrime\/beating-back-the-ransomware-threat-in-financial-services\" data-type=\"URL\" data-id=\"https:\/\/www.scmagazine.com\/analysis\/cybercrime\/beating-back-the-ransomware-threat-in-financial-services\" data-feathr-click-track=\"true\">ransomware attacks<\/a>, according to TrendMicro data cited by Schreider. \u201cWhen you are facing an army of hackers with nothing better to do, and a strong inclination,\u201d he adds, \u201cit\u2019s hard to compete with that.\u201d<\/p>\n<p>Ransomware in particular is not only becoming a more common attack on large and small U.S. financial institutions, but it has \u201cbecome the preferred weapon of choice for nation-state cyber aggressors,\u201d he says, adding that many countries have sanctioned or tacitly support these cyberattacks to make money or to potentially damage the reputation of notable U.S. companies.<\/p>\n<p>\u201cThey\u2019re waging a war against the U.S.,\u201d Schreider continued.<\/p>\n<p>And the barrier to entry has decreased, as would-be cyber thieves with even limited skills can now buy a \u201cransomware-as-a-service&#8221; kit on the dark web for less than $40, Schreider said. Hence, nation-states and other more powerful cyber-aggressors have flooded the field, as Schreider references Donald Rumsfeld\u2019s oft-cited insight, \u201cKinetic war is going to give way to the digital battlefield, dropping bombs is less effective than what people can do.&#8221;<\/p>\n<p><a href=\"https:\/\/www.scmagazine.com\/analysis\/managed-security\/cyber-struggles-for-finance-sector-may-get-worse-in-2022\">Read the Full Story Here<\/a><\/p>\n<p>Source: SC Media<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The past year brought on or exacerbated several trends in IT security facing the U.S. financial industry. Going into the third year of this pandemic, the same cyberthreats are expected to continue and potentially escalate if not checked, according to research from Aite-Novarica Group. IT security is \u201ca difficult and important topic, perhaps the most [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":782,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cyber struggles for finance sector may get worse in 2022 - Community<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tsfactory.com\/forums\/blog\/cyber-struggles-for-finance-sector-may-get-worse-in-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cyber struggles for finance sector may get worse in 2022 - Community\" \/>\n<meta property=\"og:description\" content=\"The past year brought on or exacerbated several trends in IT security facing the U.S. financial industry. Going into the third year of this pandemic, the same cyberthreats are expected to continue and potentially escalate if not checked, according to research from Aite-Novarica Group. IT security is \u201ca difficult and important topic, perhaps the most [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tsfactory.com\/forums\/blog\/cyber-struggles-for-finance-sector-may-get-worse-in-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Community\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TSFactoryLLC\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-25T09:30:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tsfactory.com\/forums\/wp-content\/uploads\/2021\/12\/pexels-markus-spiske-177598.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Chelsie Wyatt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TSFactoryLLC\" \/>\n<meta name=\"twitter:site\" content=\"@TSFactoryLLC\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chelsie Wyatt\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tsfactory.com\/forums\/blog\/cyber-struggles-for-finance-sector-may-get-worse-in-2022\/\",\"url\":\"https:\/\/www.tsfactory.com\/forums\/blog\/cyber-struggles-for-finance-sector-may-get-worse-in-2022\/\",\"name\":\"Cyber struggles for finance sector may get worse in 2022 - 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