Cybersecurity for Financial Services Institutions
Financial services are a lucrative target for cybercriminals. That’s why mission-critical web applications and APIs must be constantly protected from exploits and automated attacks that can disrupt business intelligence, slow app performance, and enable account takeover (ATO) that can lead to fraud. F5 can help seamlessly secure your digital footprint without causing a gap in compliance, innovation, or customer experience.
Today’s digital-first customers have high expectations—especially when it comes to critical applications like banking apps, which they depend on every day. You have to deliver the services they want securely and without disruption. That means defending applications against compromise, abuse, and fraud while enabling the innovation that’s crucial to your business.
The stakes are incredibly high. For cybercriminals, the ROI for attacking financial institutions is too great to resist. Vigilance is crucial. Your customers, your brand, and your top and bottom lines depend on it.
By leveraging F5’s automation capabilities across thousands of our applications, we can more rapidly and reliably provide high-quality financial services to our customers. Secured application service deployments that previously required up to 6 weeks can now take as little as 5 minutes.
Evolving Cybersecurity Threats in Financial Services Pose Serious Challenges
Organizations need a mature cybersecurity program that anticipates and mitigates the ever-changing risk landscape.
Security incidents at financial services organizations, as reported to F5 Security Incident Response Team
of attacks against financial services involve brute force and credential stuffing. They’re coming for your customer’s data. And even worse, their money.
F5 financial services solutions protect your apps from attacks by building security directly into the CI/CD pipeline—enabling the innovation that’s crucial to your business—and by protecting business logic from attacks that abuse your apps functionality.
Credential Stuffing
Automated attacks like credential stuffing lead to account takeover (ATO) and fraud, often resulting in long-lasting damage to customer trust, your brand, and bottom line.
Bots are the driving force behind these attacks. They enable cybercriminals to automate, adapt, and scale their attacks to bypass your defenses. Prioritizing bot mitigation and protecting your customer accounts is a business imperative.
A Deep Dive Into Sophisticated Account Takeover and Fraud
InfoSec and Fraud teams must unite to stop automated fraud
The vast majority of fraud losses are the result of sophisticated organized crime rings. So how can you fight back? Find out how executives at financial institutions are managing risk and protecting themselves from account takeover (ATO) attacks that increasingly lead to fraud.
Web Attacks
Cybercriminals weaponize exploits to compromise the integrity of applications and steal sensitive data. Then they monetize and profit from it. Web attacks come in many different “flavors.” They attack different layers of your applications and functionality, further complicating your defense strategy.
DDoS Attacks/span>
Financial institutions of all sizes run the risk of being hit with a DDoS attack. While motives may vary, the common goal of these attacks is to disrupt business operations by causing downtime or by distracting security teams from a nefarious data breach.
What kind of defense makes sense?
When considering which protection model is best for your business, think about ease of deployment based on where your applications are hosted—in the cloud, on-premises, or a mix of both.
Check out this video to learn about the types of DDoS attacks that can be leveled at your institution and what it takes to defend against them.
What’s a WAF and Why are They So Important?
Threats to applications have become one of the biggest risks to business success. Fortunately, you can do something about it. A web application firewall (WAF) can mitigate your risk of a devastating data breach.
What Makes F5 Uniquely Suited to be Your Security Partner?
When you work with F5, you partner with a trusted advisor who supports your business no matter how attackers evolve and your applications adapt. Consistent security will make it much more straightforward for you to shift between data center, private, and public cloud environments.
We replaced our multi-vendor solution with a suite of F5 solutions due to its flexibility to scale and orchestrate without the need for a complex integration process.
Powerful Partner Integrations
F5 works with leading technology partners to help make troubleshooting efficient, no matter where your applications live.
See What We Can Do as Your Cybersecurity Partner
Deploy security services for every app, anywhere, without upfront investments in IT infrastructure and support.
F5 Silverline protects your applications from web exploits and automated attacks, preventing compromise, large-scale fraud, inflated operational costs, and friction for your account holders.
Learn how Silverline Shape Defense protects your apps from bots and automated attacks by delivering continuous protection, even when attackers retool to circumvent security countermeasures.
Watch the video
How Silverline Shape Defense Works
Don’t be Taken Down by DDoS Attacks
The time to deal with DDoS attacks is before they infiltrate your financial institution’s infrastructure. That’s where F5 Silverline DDoS Protection comes in. It’s cloud-delivered protection that detects and mitigates attacks before your business is disrupted.
With Silverline DDoS Protection, you’ll be able to:
- Keep your organization online during a DDoS attack.
- Protect critical services against all DDoS attack vectors.
- Gain attack mitigation insights via an easy-to-use customer portal.
- Get expert service, 24/7.
Watch the video
Silverline DDoS Protection
Wall Yourself Off From Web Attacks
A Web Application Firewall (WAF) provides essential security controls to protect applications. Remember, not all applications and security teams are the same, and neither are all WAF solutions.
Beyond protecting your applications, WAFs should fulfill a number of fundamental requirements. You should be able to integrate the creation and testing of WAF policies within your development pipeline, and WAFs should provide consistent security across architectures and clouds. F5 WAFs work with multiple partners to protect your apps by integrating security at the speed of development.
Different environments require differing security solutions. In this on-demand session, you’ll learn about the range of F5 WAF solutions and the ways you can deploy them to secure your applications—whether in a modern microservices or legacy infrastructure environment.
Choosing the Right Deployment Options for Your Application Security Needs
Financial Services Security
Robust security for financial services is essential. That’s why 15 of the 15 top U.S. banks use F5 solutions.
Open Banking
Open banking is revolutionizing the way people across the globe interact with their bank. But it’s also opening up financial services to new security threats and performance issues.
Digital Transformation
Digital transformation is the key to getting past legacy scalability and performance constraints and giving customers the exceptional digital experiences they expect.
GRC and Fraud Management
Protecting your applications and staying compliant are essential to being a trusted online presence. One challenge is that financial institutions are one of the most lucrative targets for sophisticated, organized crime rings.