Almost all of the world’s biggest banks vulnerable to web or mobile attacks: Vendor study

By Howard Solomon for IT World Canada
Wednesday, July 10, 2019

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Overall the results led ImmuniWeb to conclude 97 per cent of the largest banks are vulnerable to web or mobile attacks.

The study, released Wednesday, shows “even the largest financial institutions do not have up-to-date holistic, comprehensive visibility across their assets,” said ImmuniWeb CEO Ilia Kolochenko. “In our experience financial institutions usually invest quite a bit of resources to maintain their cyber security compared to other industries.” But, he added, “in certain financial institutions we definitely observe a shift from practical cyber security to [meeting] compliance only.”

The study of the biggest global financial institutions as rated by Standard and Poor — including five Canadian banks — was released Wednesday by Geneva-based ImmuniWeb, which sells asset inventory, application monitoring and penetration tools. Read Full Article