Modern Bank Heists: Cyberattacks & Lateral Movement in the Financial Sector


To better determine how cybercriminals are hiding behind invisibility cloaks to remain undetected, VMware Carbon Black conducted a survey, comprising input from chief information security officers (CISOs) at 40 major financial institutions. The purpose of the survey is to improve telemetry for threat hunting teams and defenders.

In this report, CISOs revealed trends in lateral movement, counter incident response, integrity attacks and the most concerning threat actors organizations face. It’s important to note that financial institutions, relatively speaking, have a more robust cybersecurity posture than peers in other verticals. However, this does not make them immune to attack. There is still considerable opportunity for financial institutions to improve cybersecurity posture and go on the offensive with threat hunting teams.

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