Securing the banking industry: Detecting threats and mitigating cyberattacks

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Presented by

Amardeep Sachdev, LogRhythm & Tony Masse, LogRhythm

About this talk

The banking industry is a lucrative target for cybercriminals and the increase in attacks is a huge concern for CISOs in the industry. Threats are evolving, getting more sophisticated and insider threats are increasing. In particular, payment fraud is key concern for the industry and pressure is mounting on security teams to avoid breaches as well as complying with more and more regulations and frameworks. With attackers more determined and sophisticated, we must be able to detect anomalous activity, such as fraud, quickly to reduce the risk of suffering a damaging consequence/breach. This is especially true within the SWIFT environment and its security controls framework aims to establish a security baseline for the SWIFT community to help maintain a secure environment for all its users. In this presentation, LogRhythm experts will focus on specific security controls from the framework and outline how SIEM and UEBA can be used to detect anomalous activity in a user’s local environment and how it can be stopped with the right response and mitigation approach. We will also outline how to automate compliance and other processes to help free up time to focus on real, higher risk alerts. Join this session to: •Understand what a typical cyberattack on a user’s local environment would look like with a real use case. •Discover how the SWIFT security controls can be supported by SIEM solutions. •How compliance automation can enable your organisation to meet regulatory and compliance demands efficiently.

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