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Commercial Credit News
|"Second bank hit by 'sophisticated' malware attack"|
|Monday, 16 May 2016|
News broke yesterday that Swift, the global financial messaging network that banks use to move billions of dollars every day, had warned of a malware attack on a commercial bank. The attack, which is the second of its kind, was similar to the one that led to February's $81 million cyberheist at the Bangladesh central bank.
Commenting on this news is Simon Crosby, CTO and co-founder at Bromism: "This is yet another case of user error it seems. The challenge of course, is that users will always make mistakes, and that detection based defences are easy to bypass. But these challenges can be addressed with a new approach to endpoint security - isolation - that effectively renders all attacks harmless and automatically remediates them, using CPU based controls. Bromium has over 50 customers in the financial sector that use this approach to ensure that their endpoints are not compromised and their users can safely click on anything".
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