Cyber risk and advisory programs that identify security gaps and build strategies to address them.
MDR that provides improved detection, 24/7 threat hunting, end-to-end coverage and most of all, complete Response.
Our team delivers the fastest response time in the industry. Threat suppression within just 4 hours of being engaged.
Be protected by the best from Day 1.
24/7 Threat Investigation and Response.
Expert hunting, research and content.
Defend brute force attacks, active intrusions and unauthorized scans.
Protect assets from ransomware, trojans, rootkits and more.
Intelligence and visibility across AWS, O365, DevOps and more.
Configuration escalations, policy and posture management.
Detects malicious insider behavior leveraging Machine Learning models.
Building societies offer banking, savings and mortgage lending, and other financial services, all of which makes them privy to their clients’ financial accounts and personal information. As a result, cybercriminals are targeting building societies for this data, as well as trade secrets and other information that could be used to their advantage.
Unfortunately—as it stands—many building societies have limited resources and so are resorting to using automated defences to catch threats, which is leaving them exposed. The risk of cyber-attacks has put operational resilience (including cyber resilience) on the priority list of regulators.
“It is no longer just about cybersecurity and building those security walls around your business even higher. It is also about considering different aspects of how the risk actually manifests today…Some of the biggest challenges come from old legacy systems and the integration of acquisitions.”
The potential effects of a breach include:
“Traditional cyber security strategies, such as firewalls and intrusion detection systems, are no longer enough to prevent determined threat actors.”- PRA Cyber Resilience Questionnaire
According to eSentire Threat Intelligence, common attack methods used against the finance industry include:
Which could indicate a lack of security among all employees
Which could indicate a lack of acceptable use policies and technical controls
Which could indicate a lack of employee awareness and the use of appropriate controls
These methods can cause serious business disruptions and extensive costs if not detected and responded to quickly.
Cyber-attacks aren’t the only thing building societies need to be thinking about. Your organisation will be required to comply with the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) cybersecurity guidance and/or requirements. In fact, the PRA recently created a cybersecurity questionnaire that will be used to assess a firm’s cyber resilience and their ability to detect, respond and recover from cyber-attacks.
Furthermore, with the General Data Protection Regulation (GDPR) coming into affect in May 2018, there will be greater accountability surrounding security policies and specific data breach notification obligations.
In other words, compliance regulations matter more than they ever have, and businesses needs to be prepared to meet increasing requirements.
Breaches can have a significant impact on your business and customers. Recent attacks on building societies have resulted in clients’ personal information being compromised and confidential emails being leaked.
Fortunately, the next victim doesn’t have to be you. According to Aberdeen’s Monte Carlo analysis, being twice as fast at threat detection and incident response lowers the business impact of a cyber-attack by approximately 70%.. The only way to avoid an incident and react quickly is to have a certified Security Operations Centre (SOC) with human analysts hunting and responding to threats on your network 24x7x365.
eSentire Managed Detection and Response™ (MDR) keeps building societies safe from cyber-attacks that other technologies miss. Our 24x7 Security Operations Centres (SOC) are staffed by elite security analysts who hunt, investigate and respond to known and unknown threats in real time. With MDR, you’ll experience:
Beyond MDR, our dedicated security experts help firms assess risks, address known gaps and build a comprehensive cybersecurity program that meets stringent regulatory requirements. With eSentire Advisory Services, you’ll have access to:
Security Program Maturity Assessments
eSentire is the largest pure-play Managed Detection and Response (MDR) service provider, keeping organisations safe from constantly evolving cyber-attacks that technology alone cannot prevent. Its 24x7 Security Operations Centre (SOC), staffed by elite security analysts, hunts, investigates, and responds in real-time to known and unknown threats before they become business-disrupting events. Protecting more than £4 trillion in corporate assets, eSentire absorbs the complexity of cybersecurity, delivering enterprise grade protection and the ability to comply with growing regulatory requirements. For more information, visit www.eSentire.com and follow @eSentire.
Emily is a content specialist on the Marketing team at eSentire. Drawing on her background in journalism and social media, Emily communicates eSentire's mission with compelling and thought-provoking content.