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“As business technology evolves, so does a criminal’s arsenal. There is a multitude of modern sophisticated attack techniques that jointly maximise a cybercriminal’s chances of success, whilst minimising their risk of discovery. For financial services organisations in particular, which hold both sensitive data and people’s money, it’s never been more important to be proactive when it comes to cybersecurity to combat today’s threats and be prepared for threats of tomorrow.

“To combat this evolving threat actor, organisations should foster a collaborative cybersecurity environment. This includes employing in-house professional security operations and sharing threat intelligence to create a far more accurate and actionable view of the threat landscape. Such approach enable organisations to take a proactive stance and make predictive responses, rather than waiting to be attacked. This is especially true for financial services organisations who typically have a very large attack surface due to rapidly developing business environment. Organisations should also instrument their internal networks so that they have broad and deep visibility of network traffic, threats and user behaviour.”