By Charles Leaver

Recent financial attacks on banks require layered approach to protection

Recent financial breaches have hit ATMs, allowing criminals to steal millions. Financial companies need to be aware of the different important aspects of security and the reasons behind their use in order to combat this threat. Unfortunately, financial information is a highly desirable target for hackers that want to make money quickly – both ATMs and consumer financial records are at risk. In order to properly implement the right kind of security, financial organizations need to know what layers they need to keep out thieves.

Unlike mythological beasts of legend, there is no single weapon in the arsenal of a security system that can protect a server from hackers. There are no garlic cloves to sprinkle across the perimeter of a bank, no silver bullet to aim at the heart of a werewolf – hackers are threats without any cure-all to oppose them. In order to create safety within online servers of ATMs and banks, financial institutions need to instead utilize many different approaches in order to protect their information. The hackers that found purchase by subverting ATMs, according to PCWorld, did so using malware they made very hard to detect. Using endpoint security is highly important for banks, as criminals may attempt to subvert systems by utilizing tools that threaten a bank’s security through computers accessed by bank tellers and can, of course, have numerous options to get inside of the network of an ATM.

Modern day security means a human eye
Unlike in previous times, when firewalls and automated services were primarily used to keep out criminals, endpoint threat detection and response software should now be used in order to keep out cybercriminals.‘s recent article on U.S. bank accounts being compromised by Russian cybercriminals showcases the chilling effect that hackers can have on financial services that have not used adequate protection. Using 24/7 security staff with products supplied by security professionals is a way to ensure that a network will not be subverted, but this is just one of the solutions an organization needs to apply.

Strong passwords, a company culture that believes in and values security and policies against bringing in USB drives and other computer equipment without supervision are important. Other systems like these that keep foreign elements from getting into a server are important parts of maintaining security. The malware attack could have been prevented earlier by 24/7 endpoint security. Also, using stronger locks so that the thieves couldn’t break through and install the software would have helped.

By using many different measures to prevent criminals from getting in to a given network, organizations buy the human elements in their security systems time to identify and stopping cybercriminals before they can do damage. A system that stands by and passively reacts is unable to deliver the kind of protection that companies need in order to keep their information safe. By utilizing the best in security software, companies can acitvely react to criminals and protect their information proactively, resulting in far superior security.

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