Financial Crime World

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Nicaragua’s Financial Institutions Face Growing Cybersecurity Threats

The financial sector in Nicaragua is facing an unprecedented surge in cyber attacks, with large institutions being targeted by sophisticated and damaging threats. As the most attacked vertical, financial services organizations have the most to lose and the most to protect.

Unprecedented Attack Volume

Attack volume has gone out of control, with large financial institutions being 300 times more likely to be attacked than others. Threats are highly evolved, with attacks often mimicking those used by FIN7 and similar threat groups specific to banking.

Ransomware: A Major Concern

Ransomware has become a major issue in Nicaragua’s financial sector, with banking institutions experiencing a 1318% increase in ransomware attacks in 2021. The attack surface is sprawling and complex, making it difficult for financial services teams to monitor and keep secure.

Operational Efficiency: A Challenge

Operational efficiency is crucial in this environment, as financial services security teams must monitor hundreds of thousands of endpoints using hundreds of security tools. Meeting the demands of strict regulatory frameworks while maintaining security is a significant challenge.

Cybereason’s Solution

Cybereason offers a solution that delivers results, providing a single platform that covers the full cycle of a security operation from detection to remediation. The company’s technology has been undefeated in the fight against ransomware and provides layered, predictive protection against this evolving threat.

  • Provides anti-ransomware capabilities
  • Helps financial services organizations manage compliance with strict data regulations outlined in GDPR and other frameworks
  • Infinitely scalable, accommodating hundreds of thousands of endpoints in nearly any configuration

Feature-Rich EDR

Cybereason’s feature-rich Endpoint Detection and Response (EDR) provides sophisticated teams with deep-dive analysis and more intuitive investigation capabilities. Alerts are overwhelming, but Cybereason focuses on the operation, providing a clear picture of the attack story, including:

  • Root cause
  • Timeline
  • Attacker tools used
  • Recommended response

Universal Visibility

The platform offers universal visibility across a varied IT stack, ensuring that financial services organizations have a clear picture of their attack surface and can respond quickly to new threats. With over 100 out-of-the-box integrations, Cybereason provides infinite options for automation, integration, and orchestration.

Trusted by Financial Services Organizations

Cybereason has been trusted by numerous financial services organizations in Nicaragua, including SCM Insurance Services, which aligned its operations with critical business processes while maintaining hardened controls and techniques against cybersecurity threats.

The confidence that Cybereason customers have in the company’s solutions is unparalleled, whether for:

  • Ransomware defense
  • Automating tedious security workflows
  • Extending detection and response across the enterprise
  • Improving overall security posture