illusive networks' SWIFT Guard, the first cyber deception technology to protect SWIFT banking networks from cybercriminals

NEW YORK, Sept. 26, 2016 /PRNewswire/ -- illusive networks, the leader in Deceptions Everywhere® cybersecurity, today announced SWIFT Guard™, the first cyber deception technology designed to detect, report and mitigate targeted attacks against SWIFT banking systems.

Recently the SWIFT banking system proved a highly attractive target for Advanced Attackers, as illustrated by the $81 million cyber heist from the Bangladesh Bank, which has been followed by a dramatic increase in SWIFT targeted attacks around the globe.

Defending the SWIFT banking network presents unique challenges. It is very difficult for financial institutions to quickly update and patch wire transfer mission-critical systems. Conventional prevention technologies have failed to properly defend financial institutions. Smaller banks with minimal cyber defense resources have also served as weak links in the chain.

illusive continues to pioneer the deception-based cybersecurity market with its newest cyber deception technology aimed specifically at securing SWIFT banking networks. SWIFT Guard deploys a purpose-built family of SWIFT Deceptions to lure the attacker to multiple decoy SWIFT systems, provides real-time source-based forensics, and detects attacker's lateral movements aimed at the SWIFT network in real-time.

"The vast majority of attention and budgets continue to be allocated to prevention tools, which are proving ineffective in protecting against advanced attacks that caused severe damage and financial loss to financial institutions worldwide," said Shlomo Touboul, CEO, illusive networks. "It's also not easy to upgrade the SWIFT configuration. An overall blanket is needed to close the gap in security. Deception based technology is the last chance to detect and mitigate sophisticated attacks aimed at the SWIFT system." 

In a SWIFT attack, hackers penetrating any endpoint in the network, use existing attack vecors and move laterally in search of SWIFT user and admin credentials, as well as SWIFT entities such as the SWIFT SAA, SAG, SWIFT SWP and MQ etc. illusive SWIFT Guard deploys deceptions on every end-point in the networks, making it appear to attackers as if they are infiltrating the real SWIFT system. In actuality, they are interacting with decoy SWIFT systems, entities, objects and credentials ("deceptions").  When attackers activate any of the deceptions, they are immediately detected, reported specifically as a SWIFT attack, and forensics data is automatically obtained from the source endpoint targeting SWIFT, and the attack is mitigated.

Even attackers who are already established in the customer network and try to move to any SWIFT entity will be detected. illusive SWIFT Guard deceptions are invisible to regular users and IT personnel, offering protection against insider and external attackers without generating any false positive alerts.

Many SWIFT installations use older SWIFT versions that do not meet current SWIFT security standards, and are costly and difficult to update. SWIFT Guard closes the security gap by detecting and mitigating against attacks regardless of version and configuration. 

SWIFT Guard combines with illusive networks' Attacker View™, which reveals all attack paths to the SWIFT network. This allows defenders to understand where their network is exposed and make calculated decisions on how to optimize deception policy.

illusive SWIFT Guard™ Key Features:

• Attack Mitigation
  • Creates multidimensional SWIFT-specific deceptions that together create decoy SWIFT networks. (The decoy SWIFT networks includes SWIFT credentials, databases, gateways and access servers as well as Web interface and other SWIFT entities).
  • Prevents advanced attacks from reaching your real SWIFT assets by diverting attacks into decoy SWIFT networks.
• Detailed Forensics
  • Provides detailed real-time and source-based forensics on advanced attackers targeting SWIFT to reveal the nature of the APT.
• No false positives
  • Deceptions are invisible to end users or regular IT personal and incidents are reported in real time.
• Does not increase attack surface
  • Since there is no agent installed on the endpoints, attacker cannot reverse engineer agents and find ways to mitigate its operation
• Easy to Deploy and Scale
  • Agentless technology
  • Once deployed, no IT team intervention is required
  • Requires minimal operation via a SIEM system or CISO team.

About illusive networks
illusive networks is pioneering deception-based cybersecurity with its patent-pending Deceptions Everywhere™ technology that neutralizes targeted attacks and Advanced Persistent Threats (APT) by creating a deceptive layer across the entire network. By providing an endless source of false information, illusive networks disrupts and detects advanced attacks with real-time forensics and without disruption to business. For more information, please visit www.illusivenetworks.com or follow @illusivenw on Twitter.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/illusive-networks-swift-guard-the-first-cyber-deception-technology-to-protect-swift-banking-networks-from-cybercriminals-300333802.html

SOURCE illusive networks

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