Cyberattacks continue to build in volume, severity, and complexity, with many of the most advanced attacks targeted at financial institutions. Despite highly advanced security infrastructure, financial institutions still fall victim to threat actors and malicious insiders that have evolved to bypass even the most competent preventions systems. Additionally, new technology to handle, transfer, and store critical financial information will expand the threat surface and increases the risk of a breach. As security teams work to detect and respond to an unrelenting volume of suspicious incidents, alert fatigue will become overwhelming as will the corresponding workload to address them.
This paper explores the information security challenges faced by financial organizations and how deception technology is used for the high-fidelity detection of advanced threats across all attack surfaces and lateral movement attack methods.