Discussion

In order to defend the infrastructures of the financial markets, and to increase confidence in them, there needs to be a way to detect these hacks early to help intercept the hackers. Financial systems attacks are usually implemented by someone with a good knowledge of internal systems and the protocols used. Denying such access to hackers would be good way to prevent such attacks.

The normal networks in an institution are usually a fasy changing machine-to-machine interconnection, a system that exchanges massive volumes of information and data at high speeds. This would provide a good platform for hackers to access such systems, and therefore high-speed data analytics would help monitor such systems (Chung et al., 2014).

The government together with the financial institutions, should utilize the cyber services that help in cyber monitoring. For instance, third-party cyber threat intelligent services offer feeds on any cases of suspected actors of such cyber threats. These would include the provision of updated list of the IP addresses associated with such threats. This would be made possible through use of sophisticated data analytics to remove any link between regular networks and the harmful networks.

Security analytics usually apply numerous data analysis that helps to note any abnormalities in a network prematurely before any harm is done. This would send alerts to the network security team, who can initiate shutdowns of the networks before the threat is implemented. These analytics would help scrutinize all machine-to-machine activities which is in most cases the structure of such financial systems. The financial systems would, therefore, be able to spot and prevent the possible threats, accurately and on time, which in the process reduces the dwell time of such threats. That is a good strategy that these financial institutions need to consider to avoid the observed attack which has paralyzed financial systems for days.