Tag: european banking
2 articles
Third-Party Risk Exposes Bank to Months-Long Cyberespionage Intrusion
A single misstep with a third-party vendor can have devastating consequences, as seen in a recent cyberespionage case where a European bank fell victim to a months-long intrusion through a poorly configured gateway. The attacker's sloppy tactics, including a noisy reconnaissance campaign, ultimately led to their discovery by Unit 42.
European Banks Face AI-Driven Cyber Threats, Urged to Accelerate Defenses
European banks are being urged to rapidly bolster their cyber defenses as AI-driven threats escalate, with the ECB's vice-chair warning that inaction is not an option. Banks must adopt bank-specific, risk-based measures and redouble efforts to identify vulnerabilities using existing AI tools.