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European Central Bank hack - lessons to be learned

Editorial Type: News     Date: 09-2014    Views: 2209   







Cybercriminals often act within communities and this is a likely scenario with the recent attack on the European Central Bank – and threat intelligence needs to be shared

In the wake of the recent hacking of the European Central Bank, Alex Raistrick, Palo Alto Networks, had this to say: "Cybercriminals often act within communities and this is a likely scenario with the recent attack on the European Central Bank - and threat intelligence needs to be shared, in order to create a stronger sense of community against the cybercriminals.

"There are simple steps that organisations can take to avoid such financial breaches. First, IT departments need to deploy solutions, so that all traffic coming from mobile devices receive the appropriate security checks; so that legacy technology, right through to the latest models, is fully protected," he advises.

Software updates must also be tightly controlled, he continues. "Malware authors prey on social engineering tactics to convince employees to install fake Reader, Flash and Java updates. Businesses can play it safe by having all their update installs controlled by the IT group or to explicitly direct users to visit the official software vendor website for updates."

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