Financial Services – IoT Threat Detection and Response

Challenge

Financial services IoT environment complexity and threat landscape diversity makes real-time threat detection and response difficult.

Cyber incidents in the financial sector are prevalent

39%

of financial services firms have experienced a breach

Cyber incident costs in financial services are escalating

$28B

reported direct losses from cyber incidents since 2020

Rate of attacks on financial institutions continues to intensify

95%

of financial services firms saw attacks increase last year

Solution

Cylera helps protect financial services organizations from the latest IoT device threats by automating detection, reducing alert noise, and streamlining remediation.

A financial services industry IT security team analyzing real-time IoT threat detection data provided by the Cyleraplatform and used to prevent cyberattacks, reduce operational risks, and safeguard against data breaches and financial losses.

Speed Financial Services IoT Threat Response

“Cylera's advanced threat detection and response capabilities have significantly enhanced our ability to protect our IoT devices from the latest threats, reduce our operational risks, and better protect our organization from potential data breaches and financial losses.”

Vice President, Information Security

Major Financial Institution

Actively detect, prioritize, and respond to financial services IoT device threats

A financial services industry security analyst monitoring IoT-connected CCTV systems, which represent one of the many different types of IoT assets in financial institutions that Cylera helps secure with real-time threat detection and remediation.

Screenshot Threat Response Deep Threat Context 1

Deep Threat Context

Cylera correlates specific threat data points such as vulnerabilities, indicators of compromise (IOCs), network behavior, and in-service data.

This helps financial services security teams understand the immediate threat impact and relevance within their specific environment and reduces alert noise.

Comprehensive Threat Intelligence

Cylera aggregates and enriches different types of threat data (strategic, operational, tactical, and technical) into actionable threat intelligence that financial services organizations can use for decision-making and remediation strategy implementation.

The threat intelligence Cylera provides also helps financial services organizations understand the motives, capabilities, and tactics of threat actors which helps enable the development of proactive defense strategies.

A financial services industry cybersecurity analyst working at a computer, using Cylera’s platform to view threat data and actionable threat intelligence for real-time decision-making and proactive threat defense.

Screenshot Threat Response Threat Contextualization 2

Financial services industry security analysts reviewing IoT threat remediation guidance on Cylera’s platform, which uses insights from vulnerability analysis, indicators of compromise (IOCs), and network behavior to identify IoT threats and accelerate incident response.

Screenshot Threat Response Threat Containment 3

Threat Remediation Guidance

Cylera delivers precise, actionable IoT threat remediation guidance tailored for financial services organizations.
The guidance is derived from an in-depth analysis of IoT device vulnerabilities, indicators of compromise (IOCs), and network behavior.

This information also empowers security teams to swiftly and confidently address identified IoT threats and accelerate incident response.

Integrated Threat Response

By integrating with existing network and security tools used within financial services organizations, Cylera ensures that IoT threat context, intelligence, and remediation information is delivered directly to the teams responsible for threat remediation. This helps teams take immediate action to contain or neutralize IoT device threats.

Cylera integrations with firewall, network access control (NAC), and security information and event management (SIEM) solutions ensure that different security teams all quickly receive the actionable information they need for swift and confident threat containment and incidence response.