Xamin Cybersecurity Experts: Preventing Another $1 Billion Heist

ICBA Community Banking LIVE
PEC Educational Conference



Since 2013, as much as $1 billion in American dollars was stolen from financial institutions worldwide, according to a statement from Kaspersky Lab. Unlike many recent breaches, which targeted consumers, hackers used phishing and malware to access the financial institutions’ internal networks, administrators’ computers and video surveillance systems.


“Once they got into the network, they learned how to hide their malicious plot behind legitimate actions,” said Sergey Golovanov, principal security researcher at Kaspersky Lab’s Global Research and Analysis Team. Sanjay Virmani, director of the INTERPOL Digital Crime Centre, added that no sector is immune to attack “and must constantly address their security procedures.”


Hackers leverage a variety of common ancillary devices that reside on financial institutions’ networks, such as printers, scanners, security cameras and others, to easily access internal systems and execute harmful attacks. Xamin, a leading national managed IT service provider for community banks, healthcare and other highly regulated industries, is available to discuss how financial institutions can eliminate these types of threats by taking immediate, proactive steps, including:

-- Effective patch management and code changes to vital systems;
-- Recurring network scans for new and/or previously undetected software;

-- Essential anti-virus and malware detection; and

-- Advanced approaches to the detection and remediation of threats.


Xamin will be available at ICBA Community Banking LIVE (#ICBALive2015), March 1 and 2 in Orlando, Fla. (booth #244), as well as the annual ProfitStars® PEC Educational Conference (#PEC2015), March 16-19 in New Orleans (booth #34).

WHO: Lonny Brooks is manager of Security Services at Xamin, Inc., where he oversees the activities and responsibilities of the security team and its projects. With more than two decades of technical and client relations experience, he previously served as IT architect for Liquidity Services, Inc., where he was responsible for supervising net and compute teams, turning up new sites and maintaining and enhancing enterprise platform standards. Brooks also served as platform architect and senior systems engineer at Verizon Terremark, designing solutions to protect petabytes of customer data on a weekly basis for its largest customers.

Michael Touchton / 678-781-7215 / mtouchton@williammills.com

About Xamin

Founded in 1999, Xamin, Inc. is a Chicago based company offering industry leading IT services to financial institutions as well as other highly regulated industries. The company provides consulting, managed IT services and integration of a full suite of security, cloud and vendor solutions. Xamin specializes in transforming IT to a revenue driving capability for an organization rather than a cost and compliance challenge. Xamin’s Shaped by Auditors for AuditorsSM initiative ensures its managed services meet the needs of auditors, and the company has committed annually to the examination and reporting of controls in a service organization under the SOC2 Type II certification. For more information, please visit www.xamin.com or call 1-844-44XAMIN.


For Xamin
Michael Touchton, 678-781-7215

Release Summary

Xamin cybersecurity experts available to discuss how the financial industry can avoid another $1 billion heist


For Xamin
Michael Touchton, 678-781-7215