NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Banks advised to guard against advanced attacks

By Amechi Obiakpu, Lagos on 01/02/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 518

•Arbor Networks Territory Manager, Bryan Haman
•Arbor Networks Territory Manager, Bryan Haman

Banks and other financial institutions have been advised to find better ways to fight advanced attacks by cyber criminals.

The call is coming on the heels of a recent report by Juniper Research which states that fraud and the interception of online transactions statistics are exhausting that, by 2020, the value of fraudulent online transactions globally will be close to the equivalent of $25.6 billion, which is double what is at present.

Reacting to the report, Arbor Networks, the security division of NETSCOUT, said the action is necessary because of the role financial institutions play in safeguarding ‘our money’.

Territory Manager for sub-Saharan Africa, Arbor Networks, Bryan Hamman, said in a statement that if there’s one industry we should be most concerned about when it comes to cyber criminals and security, is the one that looks after our money. 

Continuing Hamman said: “The financial services industry is under continual threat from cyber crooks, and the methods they use to try and infiltrate bank security systems are becoming more sophisticated every day.

The good news is that this threat can be averted, and the theft avoided, says Hamman.

He advised that banks need to consider platform solutions that provide real-time flow and packet analysis for connections – end-to-end.

According to him, “These solutions should be designed with the user in mind, allowing them to easily zoom/pivot on visual representations of new indicators and to automatically correlate network activity.”

He says built-in investigation workflows and an exceptional threat level analysis system with informed analytics will provide visibility into both past and present network activity. In addition, there are modules available that will automatically aggregate related indicators, host profiles and network connections into a single view of an advanced threat.

“South Africa had the most cyber-attacks across Africa in 2014, with losses estimated at around R50 billion,” adds Hamman.

“In a world like this, consumers want their bank’s security teams to be able to detect and connect global attack indicators to events in their own network.

“In fact, global threat indicators should be connected to the organisation’s internal traffic systems with the most relevant and dangerous threats being identified early,” he said.

Source News Express

Posted 01/02/2018 1:28:51 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
WHY YORUBA SHOULD GO TO NATIONAL CONFERENCE —Gani...

NERC condemns attacks on electricity workers, cautions perpetrators...

FG moves to track assets held by MDAs,...

Biafrans and Onumah’s ‘prophecies’

11 professors for Dutse Varsity VC’s job

Deadly virus without cure suspected of causing brain...

Supreme Court announces 22 New SANs

Nokia takes high-end innovation to new audiences at...

Nigerian universities fail to make list of World’s...

Rivers APC demands immediate resignation and prosecution of...

Finance Ministry investigates alleged delay in payment of...

Super Eagles move up in FIFA ranking

 

Latest News BREAKING NEWS: Bauchi Deputy Governor resigns Of Philistines and quest for power, By Peter-Claver Oparah Nigerian women, children as endangered species, By Adele Adeniji 40 IPOB members in Police net over alleged terrorist plot Gunmen abduct 42 travellers; strip female passengers $16bn power projects: Refer OBJ, Jonathan to EFCC, ICPC, SERAP tells Buhari What is wrong with Anambra Catholic Bishops? Cholera outbreak kills 12 in Adamawa Minimum wage review long overdue – Oyo-Ita 400m Fraud: Court grants EFCC's request to try Metuh in absentia Transcorp Hotels MD laments neglect of tourism sector Buhari orders release of fund for Ogoni clean up

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (345,419 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (342,145 views) Shameless Genevieve Nnaji exposes breasts in public (273,519 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (224,868 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,266 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (202,918 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (177,041 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,330 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,256 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,544 views) Lagos plane crash: Journalist releases victims’ names (140,070 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,492 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (41) Business & Economy (3,152) Business Verdict (43) Columnists (854) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (497) Features (598) Global Business Monitor (274) International (1,969) Interview (149) Live Commentary (28) Love Matters (120) News (35,541) Opinion (963) Pidgin (10) Politics (5,052) Religion (745) Sports (1,517) Stock Watch (29) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement