Just like old-time criminals robbing a bank vault, threat actors tend to go where the money is — financial services companies. Instead of a vault, however, they’re trying to breach your cyberdefenses. And instead of lockpicks, they’re using stolen credentials. Threat intelligence can help the financial services sector to identify those stolen passwords before the robbers even get close to the vault.
How Flare Helps with Threat Intelligence for Financial Services
How can Flare monitor threat intelligence for financial services?
When threat actors steal credentials, they can break into financial systems and networks. Flare’s threat intelligence solution scans the clear & dark web for suspicious activity. When stolen passwords show up, you can take action immediately.
What do you get with Flare’s threat intelligence solution?
- Automated continuous monitoring: Using an automated solution gives you 24/7 coverage, so you will know as soon as there’s a threat.
- Relevant notifications: Flare cuts through the noise, sending you alerts when it detects your organization’s name, employees’ names, domains, IP, or any other key data.
- Proactive cybersecurity: Security can be reactive, but by scanning for potential threats, you can catch breaches early and take steps to protect your data, systems, and networks.
Why use Flare to monitor threat intelligence for financial services companies?
As members of a highly-regulated industry, financial services companies need to know as soon as they’ve been compromised. Flare provides tech companies with insights and monitoring that can give you an edge when it comes to today’s evolving threat landscape.
Learn more about how a large bank streamlined their sensitive information leaks monitoring with Flare. The leading bank’s CISO said,
“Thanks to Flare’s intelligence, we efficiently contained a threat actor who discovered two vulnerabilities in our MFA setup. We were able to act quickly and prevent a potential serious incident.”
Threat Intelligence for Financial Services: An Overview
What is threat intelligence?
Threat intelligence is the process of identifying threats to cybersecurity using information gathered from a variety of sources. A threat intelligence solution gathers, processes, and analyzes data to understand an organization’s cyber risk.
Where does threat intelligence come from?
Threat intelligence solutions gather information from a range of sources including, networks, applications, software, open source intelligence (OSINT), and scans of the web focused on particular keywords or information.
Integrate the world’s easiest to use and most comprehensive cybercrime database into your security program in 30 minutes.
What are the types of threat intelligence?
There are four types of threat intelligence:
- Strategic: Summarizes potential threats, trends, and their business impact.
- Tactical: Information about the tactics, techniques and procedures (TTPs) being used by threat actors.
- Technical: Alerts an organization when an attack is underway and helps block the attack.
- Operational: Data that’s used to anticipate future attacks.
Why is Threat Intelligence Important Right Now for Financial Services Companies?
Why do financial services companies need to be aware of threat intelligence?
The financial services industry is often compromised by basic web application attacks as well as by bad actors using stolen credentials to gain access, according to Verizon’s Data Breach Investigations Report (DBIR). Threat intelligence allows financial services companies to identify those credentials as soon as they show up for sale on the dark web.
What is the impact of lost or stolen financial data?
The financial services sector has the second-highest average cost of a data breach at $5.90 million. This includes the cost of finding and remediating the breach, interruptions of operations, regulatory fees and other fines.
Can threat intelligence help stop breaches?
Threat actors rely on their victims not being aware that an attack has taken place. Effective intelligence can help your technology company strengthen cyber defenses, hunt for threats, remediate vulnerabilities, improve compliance, and streamline your cybersecurity processes.
Threat Intelligence for Financial Services and Flare
Flare provides the leading Threat Exposure Management (TEM) solution for organizations. Our technology constantly scans the online world, including the clear & dark web, to discover unknown events, automatically prioritize risks, and deliver actionable intelligence you can use instantly to improve security.
Our solution integrates into your security program in 30 minutes to provide your team with actionable intelligence and automated remediation for high risk exposure. See it yourself with our free trial.
