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Copy r ight © 2013, SAS Ins t i tu te Inc . A l l r ights reserved.
INTRODUCTION
• A review of the key industry threats and responses ahead
• Survey of 250 respondents in financial services, all of whom have influence on, or knowledge relating to, their organization’s cybersecurity risks and responses
• Supplemented by expert interviews
Copy r ight © 2013, SAS Ins t i tu te Inc . A l l r ights reserved.
BACKGROUND
• New opportunities – and new threats • Cybersecurity is a wide-ranging problem but financial institutions often lead
the way• Threats range from simple to complex• Both technologies and threats are evolving
Copy r ight © 2013, SAS Ins t i tu te Inc . A l l r ights reserved.
RISK RADAR
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KEY FINDINGS
• The weakest link• Trust trumps financial losses• A lack of cooperation is hindering progress• Response strategies are evolving• Nearly one in three of those polled rate limited customer awareness as a key
challenge; careless employees are also cited as a concern
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STATE OF PREPAREDNESS
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CYBERCRIME: THREAT LANDSCAPE
• Highly sophisticated with varying agendas• Continuously evolve attack methods – look for
weakest link• Organized and agile• Leverage insiders
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TODAY’S RISK: COMPLEX MULTI-FLANK ATTACK (5/10/2013)
Unlimited Operation• Cyber hack into 2 card processing companies• Stole & counterfeited pre-paid debit cards• Reprogrammed the cards with infinite balances• Organized criminal cells used to withdrawal money
at ATMs across 20 countries• 8 men made 705 ATM withdrawals in US in 144
minutes (a withdrawal every 98 seconds, $2.8M)• Global withdrawals of over $45M
• Hackers watched withdrawals from remote screens
to ensure “they were not defrauded”
Copy r ight © 2013, SAS Ins t i tu te Inc . A l l r ights reserved.
Q&A
Please feel free to submit any questions
via the question panel on your WebEx
control panel
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THANK YOU
Download Research Whitepaper at
www.sas.com/cyberrisk
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