Russian Bank Hack

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Follow the news that Russian hackers stole $10M from banks by infiltrating ATM networks, Stephan Chenette, CEO at AttackIQ commented below.

Stephan Chenette, CEO at AttackIQ:

“Most organizations have put security controls in place to prevent attackers from breaching and exploiting high value target systems such as SWIFT and ATM networks. In many cases, misconfigurations in these security controls and logging mechanisms create protection failures that allow adversaries to gain access to these critical systems without the owner finding out in a timely manner. We have entered a new phase of cyber requiring organizations to validate their security controls on a continuous basis. Because ultimately, the cost of testing is far less expensive than the costs of recovery from a breach.”

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