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February 14 2018

Comment on FS-IAC finding Cyber Security awareness top priority in Financial Sector

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Stephen Burke, Founder & CEO, Cyber Risk Aware comments:

“This report from FS-ISAC highlights the continued need for cyber awareness and vigilance from staff: hackers are great at exploiting human nature, using social engineering tactics to gain their victims’ trust. Once they can get through defence and onto user’s machine they may use sophisticated methods to stealthily move laterally across a network stealing data or credentials.

The sheer number of phishing attacks that are being launched highlights the extent to which this continues to be a favoured tactic for cybercriminals targeting the financial sector and they’ll continue to adapt their techniques to find ways to work around cyber-defences in the financial sector. 

But the initial access point can be very straightforward and one that is highly successful; which is why financial institutions, in particular, need to encourage staff to help in spotting phishing emails and understanding hacking methods.

This is exactly why I founded the business. People and companies rely too much on technical defences to protect their network when they are missing out on their greatest security asset of all, their staff”

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