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HOW BANKING, FINANCIAL SERVICES, AND INSURANCE ORGANIZATIONS CAN PREVENT FILE-BORNE THREATS

Introduction

Cyberattacks on banking, financial services, and insurance organizations are growing in both frequency and sophistication – despite increased investment in cybersecurity and a stronger emphasis on risk management.

These attacks are largely driven by the high value of financial and personal data, which can be stolen, sold, or held for ransom. As financial institutions continue to digitize services and expand their digital footprint, they become even more attractive targets for threat actors.

This whitepaper covers the key cybersecurity threat vectors that affect financial institutions today and how they can secure their web applications, portals, and other infrastructure to protect critical data, as well as best practices for meeting regulatory compliance requirements.

In particular, we will explore one of the most overlooked, yet dangerous attack vectors on banking and financial services institutions: malicious file uploads. You will learn how to defend against these threats while maintaining operational continuity and productivity.

Your organization could be at risk if:

• You operate as a mortgage lender, insurance provider, international bank, or FinTech business.

Why Financial Services Firms Are Prime Targets

With high stakes and high exposure, the financial

services industry must treat file-based attack vectors as a critical threat surface.

Financial services organizations handle highly valuable data – from PII( personally identifiable information) and financial records to investment portfolios and transaction histories – making them a top target for cybercriminals. Users no longer need to install a rogue application to get infected. Something as routine as opening a seemingly harmless invoice, courier receipt, mortgage application, or account statement can deliver a malware payload that enables cybercriminals to compromise the organization’ s environment. Fileborne threats embedded in everyday productivity documents are increasingly used as a covert delivery mechanism for ransomware, spyware, or data exfiltration tools. p

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Download whitepaper here • You accept mortgage applications or loan payments online.

• You manage customers’ banking details.

• You store or process sensitive data such as credit card numbers or social security numbers.

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