The rapid demand and increase in the online connectivity of financial services poses a real challenge in this industry, making it one of the most lucrative industries for attackers to target. Every single day thousands of attacks are taking place from malicious actors that are attempting to enrich themselves illicitly by targeting mobile web applications, financial web services, banking platforms and ATM machines among other technologies.
The financial services industry has been overwhelmed in the past few years due to the competitive pressures that it faces. Cyber security has been at times largely overlooked due to the growing need to rapidly deliver newer and more advanced online services to end users. Over the past few years, cyber criminals have taken advantage and have successfully stolen millions of records containing sensitive personal information as well as money from users and financial institutions by leveraging critical security vulnerabilities or security misconfigurations in these services.
The financial sector plays a pioneering role in IT security in Germany. Due to their importance in the functioning of our society, many of the services provided by banks are already classified as critical infrastructure (BSI KritisV §7). Nevertheless, many legacy systems and protocols remain present in this field, making them irreplaceable and consequently vulnerable.
At Blue Frost Security we have conducted extensive research into this sector and have uncovered critical vulnerabilities in banking protocols, ATM machines, financial web applications among others. Our expertise will help your organization maximize its potential by lowering your risk of successful attacks from malicious actors. Moreover, with our Offensive Threat Intelligence service, we continuously test your systems for new threats as they arise in order to maintain a high level of security at all times.