Because Malware Prefers Money Security SecurityScorecard has released the Financial Cybersecurity Report, for 2016. It is a cybersecurity report, with comprehensive analyzes of security vulnerabilities from 7.111 financial institutions worldwide.
Including investment banks, asset management companies, and large commercial banks.
Among the findings of the report are the following observations:
- The Commercial bank of USA (US Commercial bank) has the lowest level of security and is one of the top 10 financial services in the US (by revenue).
- Only one of the top 10 banks, Bank of America, received an overall "A" rating.
- Ninety-five percent of the top 95 US commercial banks (in revenue) received a "C" or lower in network security.
- 75 percent of top 20 US commercial banks (by revenue) infected with malware software and a number of malware families such as Ponyloader and Vertexnet were discovered.
- Almost 1 at 5 financial institutions uses an email provider with serious vulnerabilities.
- The best protected banks were: Goldman Sachs, Exchange Bank, BNP Paribas Fortis and Banco Popolare.
Each US financial institution was evaluated on the basis of integrated security and the time of reaction of the security compared to other financial institutions.
The conclusions and scores reported in the report are based on data derived from platform SecurityScorecard security rating.
The company also analyzed specifically the safety of Scottrade, Bangladesh Bank, and CharlesSchwab who were victims of data breaches.
The analysis contains details of data breaches as part of a holistic view of vulnerabilities in the financial industry.
