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SilverSky and Team IDS
Protecting Financial Institutions from Banking Trojans and Insider Threats

Threat Landscape

Financial institutions are prime targets for:

    • Credential theft
    • Business email compromise
    • Ransomware seeking financial gain or customer data

These attacks exploit complex systems and third-party integrations, making detection challenging.

Business Impact

Breaches can cause:

    • Major financial losses
    • Reputational damage
    • Regulatory scrutiny under FFIEC and GLBA, disrupting operations and eroding customer trust

Business Challenges

    • Highly regulated environments
    • Complex systems and third-party risks
    • Maintaining uptime while securing sensitive data

Case Study: Banking Trojan Attack

A financial services firm fell victim to a phishing attack that installed credential-scraping malware. Traditional signature-based antivirus failed to detect the new variant. The malware initiated unauthorized communications to foreign servers and prepared for wire transfer fraud.

SilverSky and Team IDS Response:

    • MxDR analytics detected abnormal traffic patterns to Russia, Latvia, and Cyprus.
    • SOC analysts correlated activity with emerging malware TTPs.
    • Malicious agents were identified and removed; compromised hosts were reimaged.
    • Continuous monitoring ensured no persistent threats remained.

How SilverSky and Team IDS Help

Together, SilverSky and Team IDS integrate with banking and security systems, using advanced analytics to:

    • Detect abnormal activity and insider threats
    • Ensure compliance with FFIEC, GLBA, and PCI-DSS
    • Provide real-time threat intelligence and rapid response

Strategic Outcomes

    • Enhanced security posture
    • Reduced operational risk and compliance exposure
    • Cost savings by eliminating ineffective legacy tools
    • Demonstrated ROI to the Board of Directors

Key Takeaway

Banking trojans and insider threats are evolving. Financial institutions must adopt proactive, intelligence-driven security strategies like SilverSky and Team IDS’ Lightning MxDR to detect and neutralize threats before they escalate.