Intelligence-Led Security Key To Trap Cyber-Criminals

Banks need to be active and use intelligence gathered in-house or by security intelligence providers to take on nimble cyber-criminals, according to Thomson Reuters. Thomson Reuters, in its special report titled: “Cyber Crime: The fast-moving menace” identifies current trends in cyber-crime and the regulatory response in various countries. Cyber-criminals: 99% of breaches relate to banks’ old vulnerabilities Citing PwC’s 2014 Global Economic Crime Survey, the Thomson Reuters report points out that a clear majority of financial services organizations (especially retail banks) have taken hits from cyber-crime. The PwC survey also highlighted that though financial services organizations believe cyber-crime is becoming a greater…