Threat Intelligence for the Finance Industry

Cybersecurity is one of the most critical operational challenges facing businesses. The threat from cyberattacks is continuous and shows no signs of diminishing any time soon. Defending an organisation from cybercriminals is a full-time task. But it's not a task that organisations can assign solely to an internal cybersecurity team or an external Managed Security Services Provider (MSSP). Everyone needs to be involved in protecting an organisation from cyber threats, which means giving everyone the information they need so they can identify suspicious activity when they see it.

This is especially true for businesses in the burgeoning financial sector. The last few years have seen a rapid switch from traditional banking to a digital-first approach to financial services. Over that period of change, there have been many new entrants into the financial market and a digital shift by incumbents. This has increased the threat landscape for financial and other sensitive information, a prime target for cybercriminals. As a result, the attacks against financial organisations are numerous and continue 24x7.

Immersive Labs Cyber Workforce Optimisation Platform

Defending financial organisations from these attacks requires that everyone in the organisation is part of the defence. All need to play their part in the cyber defence effort irrespective of their role, and they need to have appropriate cybersecurity knowledge and awareness relevant to their job. The deep technical knowledge required by cybersecurity professionals is not the same awareness that call centre staff need regarding cybersecurity.

Immersive Labs Cyber Workforce Optimisation Platform works by enabling a continuous cycle of human cyber capability development for both technical and non-technical staff. The platform injects role specific knowledge, skills, and judgement, resulting in a new level of resilience embedded inside key decision makers across the workforce.  The Immersive Lab's platform delivers better cybersecurity skills by:

1. Exercising current knowledge, skills and judgement through role-specific, cross-organizational incident simulations
2. Evidencing abilities using data insights for a real-time picture of cyber knowledge, skills and judgement
3. Equipping critical teams with role-specific and risk-relevant knowledge, skills and judgement

Visit the platform page to learn a lot more, or download the Immersive Labs Three Steps to Ultimate Cyber Resilience eBook.

Renaissance distributes Immersive Labs solutions within the Ireland market. Any MSPs working with financial sectors business, or in any sector of the economy, should contact us to find out more and to be connected with experts.

Read on for a brief overview of how HSBC benefited from adopting the Immersive Labs platform, as well as a link to a case study on their success.

Immersive Labs' Threat Intelligence Labs Help HSBC Reduce Cyber Risk

HSBC is one of the world's largest banking and financial services organisations, with 40 million customers in 64 countries and territories worldwide. HSBC saw that the cybersecurity threats facing their business were critical and that everyone working for the bank had to play a part to counter the threats.

HSBC's leadership team sought a platform to facilitate the continuous learning and development of cybersecurity skills across all countries. The goal was to find an easy to use and quantifiably effective cybersecurity awareness and training solution that would boost the defensive posture to protect the bank, their customer's data, and financial assets.

The solution they sought had to meet the bank's exceptionally high standards. It had to deliver highly relevant training content for each role and cover a broad range of security topics at all skill levels. Making new content available as soon as new threats emerged was also a significant feature they required so that staff skills were always current to keep HSBC ahead of the threat landscape.

HSBC selected the Immersive Lab's solution to upskill its workforce. The platform enabled HSBC to accurately measure and provide evidence of cybersecurity capability while also delivering continuous cybersecurity skills development across its teams. Each team member has relevant personal objectives built within the platform that aligns with NIST's NICE framework. HSBC has also mapped its teams' practical skills to the MITRE ATT&CK framework, an industry standard and globally accessible knowledge base of adversary tactics and techniques based on real-world observations.

HSBC's cybersecurity operations teams now access content built from global threat intelligence feeds at any time and can explore vulnerabilities as soon as they become public. The solution allows them to get hands-on experience of a threat in safe virtual environments, and gain a much deeper understanding of specific vulnerabilities from both an offensive and defensive perspective. They can then take this knowledge from the virtual environment and use it to monitor and defend the production banking systems.

Download the case study to get more information and specific examples about how the Immersive Labs platform delivered better cybersecurity for HSBC.