NewsExpress advert Yudala banner
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: 339

•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

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
How to make the best use of the...

FRSC redeploys 109 officers in major shake-up

Shell launches global education initiative in Nigeria

JAMB advises intending applicants

King TJT Princewill, Gov. Henry Seriake Dickson, Ekine...

Jonathan’s lobbyists shouted down at Ohanaeze meeting

Presidency rebukes The Sun for linking Buhari to...

Saudi Arabia sights moon, declares Sunday Eid-el-Fitr Day...

Polio no longer endemic in Nigeria —WHO •How...

Family moves to take over 7-Up

Air Chief blames past administrations for Nigeria’s security...

Fidelity Bank partners firm to train youths on...

 

Latest News BREAKING NEWS: Famous Evangelist Billy Graham is dead Northern Senators’ Forum sacks Ex-Governor Adamu as Chairman 94 students reported missing after Boko Haram attack on Government Girls Secondary School in Yobe Nigerian bank investors lose N100bn in 2 days How I almost died after giving birth to my daughter — Serena Williams Protests in Ebonyi as gunmen kill ex-Speaker during political rally N650bn debt: DAPPMA gives FG 14-day ultimatum 10 senators face sanctions over elections order We’ll destroy Tel Aviv and kill Israeli Prime Minister if attacked — Iran Senate condemns drug abuse among Nigerian youths •Asks FG to establish rehabilitation centres across the country RRS smashes 6-man criminal syndicate Okonjo-Iweala appointed into Commonwealth high-level group

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (325,787 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (317,372 views) Shameless Genevieve Nnaji exposes breasts in public (254,023 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (208,431 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (194,490 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (187,347 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (162,908 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (146,231 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (140,162 views) Lagos plane crash: Journalist releases victims’ names (129,239 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (127,774 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (122,928 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business (2,897) Business Verdict (33) Columnists (803) Complaints & Requests (94) Enterprise & Opportunities (203) Entertainment (446) Features (549) Global Business Monitor (226) International (1,799) Interviews (143) Live Commentary (28) Love Matters (105) News (32,998) Opinion (883) Pidgin (10) Politics (4,510) Religion (681) Sports (1,438) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

Football president George Weah puts Liberian army to the test

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement