Syn­di­cate Bank to un­der­take Red Team As­sess­ment

Banking Frontiers - - Project Pipeline -

Syn­di­cate Bank pro­poses to un­der­take a ‘Red Team As­sess­ment’ test to as­sess the full se­cu­rity set-up of the bank for one year. It in­tends to have the task out­sourced to a com­pe­tent agency. ‘Red Team As­sess­ment’ is a multi-blended sys­tem of test­ing at­tacks in­volv­ing sev­eral facets of so­cial en­gi­neer­ing, phys­i­cal pen­e­tra­tion test­ing, and ap­pli­ca­tion pen­e­tra­tion test­ing si­mul­ta­ne­ously. The aim is to re­veal the real-world op­por­tu­ni­ties for ma­li­cious in­sid­ers or bad ac­tors to be able to com­pro­mise all as­pects of the or­ga­ni­za­tion in such a way that al­lows for unau­tho­rized ac­cess to sen­si­tive in­for­ma­tion lead­ing to data breaches and full sys­tem/net­work com­pro­mise. The bank in­tends to cover net­works, ap­pli­ca­tions, routers, switches, ap­pli­ances, staff, ven­dor per­son­nel, de­part­ments and of­fices and data cen­ters for the test­ing. The as­sign­ment is con­sul­tancy type and the ser­vice provider will have to pro­vide per­son­nel to con­duct the test.

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