Protecting banker’s credentials from the Dark Web
With SureWatch from UFS, banks gain clear visibility and awareness to critical digital credential data being used by cybercriminals on the Dark Web. SureWatch empowers community banks to identify breaches or data exposures early – in some cases before criminals have exploited the stolen data.
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SureWatch allows a bank to be more proactive and aware about how information gets disbursed or accessed on the Dark Web. This solution delivers confidence. The Dark Web is made up of digital communities that sit on top of the internet. It is estimated that more than 50% of all sites on the Dark Web are used for criminal activity.
Far too often, companies, and in particular banks, have had their personal and company login credentials compromised and sold on the Dark Web. Typically knowledge of this activity occurs far too late. Threat intelligence is a key ingredient for strong compliance and cybersecurity. SureWatch is a UFS cybersecurity innovation that increase bankers confidence that their credentials and security will remain safe.
What is the Dark Web?
The dark web is the hidden collection of internet sites that keep internet activity anonymous and private, which could be used for legal applications, but speculation exists that more than 50% of the dark web is used for illegal activity.
The good and the bad can co-exist on the dark web. On the good side, the dark web provides anonymous, highly secure communication channels, but on the bad side, the dark web has emerged as an important hub of criminal commerce, a fully functional operating marketplace where unknown individuals can make purchases using stolen credentials from hidden sellers with confidence which has increased illegal usage to incredible levels.
The criminal side of the dark web relies on anonymizing technology and cryptocurrency to trade for a variety of illegal elements from everything from weapons, drugs, pornography, social security numbers to even criminal acts for hire.
Utilizing sophisticated usernames and passwords that are regularly updated with a persistent monitoring of the dark web are the best actions users can take to prevent their credentials from being used on the dark web and for illegal and dangerous ways.
Bank customers are facing an increase in cybersecurity attacks. In some cases, breaches may occur and go unnoticed for an extended period of time. In 2019 the average time to identify a breach was 206 days. [Click for more info]
Cybercriminals spent 76 days undetected in the Equifax network before they were detected. [Click for more info]
SureWatch – Features:
SureWatch brings awareness and protects banker’s identity credentials on the Dark Web. This is a key solution to proactively identify how your credentials are being used to avoid being a target for compromised activity.
SureWatch is comprised of three key features:
- Automated Dark Web Scanning – Search engine scanning and monitoring that constantly looks for a bank’s domain in name or contacts that are visible on the Dark Web.
- Compliance Reporting – An initial comprehensive report is provided to the bank that identifies potential breaches or data exposures. New reports are provided as new alerts are discovered.
- Remediation Guidance – Remediation guidance – a document that provides the bank with recommendations and suggestions for how to proactively minimize a potential breach or data exposure.
Download SureWatch InfoSheet
Protecting banker’s credentials – introducing SureWatch. Heather Dieringer interviews Amy Radue, UFS Director of Risk Management. [4:22]
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To learn more about SureWatch, other cybersecurity solutions, managed IT services, core banking applications or any other bank exclusive technology, please contact UFS for more information.
CSO Online – What is the dark web? How to access it and what you’ll find.
Wikipedia – Dark web – Wikipedia