Making money one way or another is one of the major reasons, if not the most important reason, for cyber-attacks and cybercrime. Banks accordingly are prime targets for cyber adversaries and must deal with all sorts of different risks and attacks.

The Federal Reserve Bank of Cleveland has put together a high-quality summary of those attack strategies and variations in an article*. Featuring interviews with Cleveland Fed cyber experts, a Federal Reserve Board policy executive, the chief security officer of PNC Bank and an FBI special agent, several interesting points are raised and answered.

At the 2018 Cleveland Fed conference, which theme was “Managing Cyber-Risks from the C-Suite.”,” our CEO Mike Goedeker had the opportunity to provide the unique insights of HakDefNet’s own research into cybercrime revenue and the cooperation of nation states in order to pose an even more aggressive and dangerous cyber threat. Here’s a short video with Mike Goedeker from the conference:

This is just one of the reasons why large bank groups are among our clients. You can read the full article by the Federal Reserve Bank of Cleveland here.

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