CCR World Magazine


You are here  :Home arrow News arrow RiskIQ Highlights Digital Threats to Banks
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
RiskIQ Highlights Digital Threats to Banks Print E-mail
Thursday, 16 April 2015

San Francisco, Apr 16, 2015 – Security specialist RiskIQ says the growth in digital business is producing an increasing threat to banks across the world, as they seek new ways to connect with customers. Its latest research shows that a selection of 35 top banks have more than 260,000 assets exposed to external risk.

With the growth in social media, websites, and mobile apps, banks are increasingly turning to new ways of providing services. But with the largest banks owning an average of 7,500 public facing digital assets, the RiskIQ research found that 60% sat outside the company firewall.
 
Banks facing increased risk from hackers as their digital footprint grows. In addition, they are relying heavily on external third-party code to power tracking, analytics, serving company ads and supporting re-targeting. This third party code provides an additional attack vector that can be exploited by malicious actors.
 
RiskIQ also discovered 1,777 mobile applications, or an average of 51 per bank. Of these, only 5% of mobile applications were found in the official app stores (Googleplay, Apple, etc), whilst 95% were hosted on secondary, tertiary, affiliate or foreign app stores.
 
Elias Manousos, CEO of RiskIQ, said: “The two trends of externally hosted digital assets and the use of third party components highlights the changing security landscape that banks and other organisations are dealing with. As digital assets move outside of the corporate firewall, traditional security approaches become ineffective and the potential attack surface for the adversary grows. Today, effective defence begins with a full understanding of your digital footprint. At RiskIQ we help many of the world’s top banks identify and defend their digital presence.” 
 
Summary of Findings

The results were gathered by the RiskIQ platform, which continuously monitors websites and mobile application stores using web scale virtual user technology to detect suspect applications, application tampering and brand impersonation. For this survey, RiskIQ inspected the web and mobile assets of 35 top banks, finding:
 
·         260,000 digital assets discovered, or on average, 7,500 assets per bank

·         Over 60% of these assets were hosted externally

·         94% were incorporating code from one or more third-party analytics/tracking services

·         70% were running their own digital ads using third-party ad serving technology and dropping 3rd party beacons

·         94% were incorporating code from one or more third-party JavaScript libraries

(Source - RiskIQ Press Release)
 

 

The CCR World App

 

Read CCR World as an App on your iPad or iPhone.
Simply click on this link (opens iTunes as an external link) to see the CCR World iTunes Preview and download to receive a free two-week trial or go to iTunes or the App Store and search for "CCR World".

CCR Magazine


Want to know more about the UK credit scene? Then take a look at our sister magazine, CCR, the leading UK publication for senior credit industry executives.

Find out more

CCR World newswire

Sign up to our E-Newsletter and E-Alerts.

subscribe

Read The Magazine - FREE ONLINE!

CCR World is the premier magazine for consumer and commercial credit professionals. It provides an independent voice to the global industry, breaking news stories and running in-depth features.

It is FREE to read online, so click here to read the current edition online.

(If you have not registered already, you will just need to do so to read all the news and analysis).

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197