Powerful and simple tactics to protect financial services organizations from cybercriminal attacks

In our ever-connected data-driven, the stakes related to data, information and intelligence are highly crucial, so that organizations should adopt streamlined tactics to mitigate risks.

In this landscape, IBM X-Force experts recommend the following tips to protect financial services organizations from attacks: 

• Conduct Employee Awareness Training: Continuously train and test employees to teach them how to identify suspicious emails to avoid falling victim to phishing scams.
• Reduce Exposure to Insider Threats: Combine data security and identity and access management solutions to protect sensitive data and govern the access of all legitimate users.
• Apply a Cognitive Approach: Augment a security analyst's ability to identify and understand sophisticated threats by tapping into unlimited amounts of unstructured data from blogs, websites, research papers and the like, and correlating it with relevant security incidents.
• Develop and Implement an Incident Response Plan: Identify the data necessary to respond to an attack, understand how to mitigate an attacker’s access.

To download a copy of the IBM X-Force Financial Services report: https://ibm.co/2oInWbs