RESTON, Va. and BOSTON, Nov. 3, 2022 /PRNewswire/ — FS-ISAC, the member-driven, not-for-profit group that advances cybersecurity and resilience within the international monetary system, and Cyberbit, supplier of the world’s main cybersecurity talent improvement and readiness platform, introduced in the present day that workforce “IsNotTheEDR” from Banco de Crédito Cooperativo (BCC) is the winner of the primary International Cyber League (ICL) Financial Cup, 2022 – the primary hyper-realistic cybersecurity event for the monetary trade. The first runner-up is workforce “Suboptimal” from a number one Fortune 500 monetary establishment, the second runner-up is Team “AskITTeam” from BCC and the third runner up is workforce “TIAA” from TIAA.
The event ran from 6-26 October 2022 and challenged cybersecurity groups from the monetary sector to reply to live-fire cyberattack simulations replicating assaults they could encounter in actual life. Teams had been scored primarily based on typical incident response KPIs together with investigation, eradication, and remediation targets, in addition to their response instances. The BCC workforce outperformed 55 cyber protection groups from main monetary organizations world wide and scored an ideal 100 within the live-fire problem. The Cyberbit platform, usually utilized by enterprises to coach and upskill data safety groups, in addition to for FS-ISAC’s month-to-month cyber vary workshops, was repurposed to energy the ICL competitors. The platform supplied a digital area that emulated an organizational community and a digital safety operations middle (SOC) that simulated the reside assaults and robotically scored the groups primarily based on their achievements.
The ICL reinvents cybersecurity competitors codecs by assessing cyber protection expertise in real-world eventualities, permitting groups to foretell their efficiency throughout an assault. Traditional Capture-the-Flag (CTF) occasions check offensive expertise, however these don’t mirror the capabilities that cyber defenders will probably be required to show throughout an assault. The ICL leverages cyber vary live-fire eventualities to simulate actual risk vectors and malware that assess important “blue workforce” expertise, together with technical expertise like malware evaluation and SIEM investigation, in addition to smooth expertise like teamwork, vital considering, and communications.
“We within the monetary sector imagine that exercising builds muscle reminiscence to make sure clean and environment friendly incident response,” mentioned Cameron Dicker, Global Head of Business Resilience at FS-ISAC. “We run all kinds of workouts to make sure preparedness all through all totally different organizational ranges and capabilities, and we selected this competitors format throughout Cybersecurity Awareness Month to deliver a little bit enjoyable into this vital device for operational resilience.”
“CISA and the NCA aptly named this 12 months’s cyber consciousness month theme as ‘See Yourself in Cyber,’ demonstrating that cybersecurity is in the end, about folks,” mentioned Sharon Rosenman, Chief Marketing Officer at Cyberbit. “The suggestions from the ICL groups was overwhelmingly optimistic and we’re proud to collaborate with FS-ISAC in serving to the monetary trade grow to be higher ready for real-world assaults by assessing and maximizing human efficiency.”
“A Cyber Range is a strategic functionality that permits governments and firms to successfully educate and prepare their professionals, in addition to to experiment, check and validate new cybersecurity and cyber protection ideas, applied sciences, methods, and ways. Cyber vary competitions such because the ICL Financial Cup assist in offering a comparability with the remainder of the friends within the sector”, mentioned Francisco Navarro García, Chief Information Security Officer, Banco de Crédito Cooperativo (BCC).
Additional groups who reached the highest 10 in ICL finals embody Loan Depot and Somerset Trust.
“The International Cyber League has been a wonderful expertise for our groups and a improbable alternative for them to check their expertise with different elite groups throughout the monetary providers sector. We are extremely happy with their work in holding our firm secure. Their sturdy efficiency on this competitors is widely known throughout Technology and the complete firm”, mentioned Harold Rivas, Chief Information Officer, Loan Depot.
“Somerset Trust takes the safety of our data very severely, and I’ve all the time identified that we assembled a great workforce of safety professionals. It’s all the time good to see a contest like this that hones their expertise and proves our dedication to safety”, mentioned John Ash, Sr. Vice President and Chief Information Officer, Somerset Trust.
About FS-ISAC
FS-ISAC is the member-driven, not-for-profit group that advances cybersecurity and resilience within the international monetary system, defending the monetary establishments and the folks they serve. Founded in 1999, the group’s real-time data sharing community amplifies the intelligence, data, and practices of its members for the monetary sector’s collective safety and defenses. Member monetary companies symbolize $100 trillion in belongings in 75 international locations.
About Cyberbit
Cyberbit offers the worldwide main assault readiness platform for enabling SOC groups to maximise their efficiency when responding to cyberattacks. The platform empowers safety leaders to take advantage of their cybersecurity funding by boosting the influence of the human aspect of their group. Cyberbit delivers hyper-realistic assault simulations mirroring real-world eventualities. It allows safety leaders to dramatically cut back MTTR, dwell time and cybercrime prices, enhance hiring and onboarding, and improve worker retention. Customers embody Fortune 500 firms, MSSPs, methods integrators, governments, and main healthcare suppliers.