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Banks adopt military-style tactics to fight cyber crime

Former government cyber-spies, soldiers and intelligence officials now dominate the top ranks of banks' security teams

cyber crime
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Photo: Shutterstock

Stacy Cowley | NYT O’Fallon
In a windowless bunker here, a wall of monitors tracked incoming attacks — 267,322 in the last 24 hours, according to one hovering dial, or about three every second — as a dozen analysts stared at screens filled with snippets of computer code.

Pacing around, overseeing the stream of warnings, was a former Delta Force soldier who fought in Iraq and Afghanistan before shifting to a new enemy: cyberthieves.

“This is not that different from terrorists and drug cartels,” Matt Nyman, the command center’s creator, said as he surveyed his squadron of Mastercard employees. “Fundamentally, threat networks operate in similar ways.”

Cybercrime is