ISOC & Forensics CERT
Why is it important for banking and non-banking institutes
Technology nowadays gives an opportunity to satisfy the needs of customers in fast efficient banking transaction like swifts, payments, loans, etc.
An information system that is used in a banking or non-banking institutes is not only transactions between business to business (B2B) but also between business to customer (B2C).
Intrusion into those banking systems is considered as high risk for the reputation of any banking and non-banking organizations, or even anomaly that occurs in the systems, without the right permission of a main administrating system Mayte influence or creates fateful damage on the business reputation regarding customer behavior.
If a banking system has been intruded, it means that it has compromised with the security aspects that are applied in its systems. Intrusion might be done by anyone with security knowledge and could happen with any purpose, gaining confidential data, picking on financial reports, or even stealing from the financial institutions.
Fraud and failures caused by this intrusion can affect clients and customer’s trust towards the specific financial institution due to the risk of losing their money and assets in the bank. In the U.S, the government requires banks to report all intrusion events. banks are usually want to avoid bad publicity by reporting losses as accounting errors; here's how a forensics and I-CSOC (Insurance Cyber operations center) services provide by a local MSSP can help your organization in any cyber event.
