cyber
TRENDS
• The top five malware families that were recently used to target the banking industry are Downloader . SLoad ( a . k . a Starslord ); Infostealer . AgentTesla ; Trojan . FakeUpdater ; Trojan . Parrottds ; and Trojan . Valyria
GenAI data security
• The banking industry sees lower GenAI adoption than other industries , with 87 % of banks using GenAI compared to the cross-industry average of 97 %
• Banks block employees from using GenAI apps more than in other industries , with 93 % of banks blocking at least one GenAI app compared to the cross-industry of 77 %. Apps most likely to be blocked are Quillbot , WriteSonic and MotionAI
• Organisations in the banking sector also have stricter control measures for using GenAI apps than other industries , with the intention of mitigating the risk of users leaking regulated data . Data loss prevention ( DLP ) is the most popular form of GenAI control with over 50 % of all organisations in the sector using it to restrict sensitive information from flowing into GenAI apps
“ The banking industry stands out as being one of the best at controlling the data risks associated with GenAI apps ,” said Ray Canzanese , Director of Threat Labs at Netskope . “ They are more aggressive at blocking apps without a legitimate business purpose and using DLP to control what can be sent to allowed apps . The result has been a more strategic and measured adoption of GenAI technology , which results in more secure data . Organisations in other industries can look towards the banking industry as an example of how to successfully control GenAI .
Phishing is the most significant social engineering tactic , used to steal bank account details and banking login credentials from sector staff .
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