Every day is a fire drill for bank cybersecurity teams

Cyberthieves continually hack away at weaknesses in banks’ digital defenses, sometimes coming in waves that involve thousands of attacks.

The startup XM Cyber proposes that banks steel their defenses in much the same way by using its automated attack-simulation platform. Not only can its virtual simulations safely replicate attacks, the startup says, but they can be continuously repeated and updated with viruses and attack methods that evolve faster than most information technology teams can track.