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The financial sector is a leading target for cyber criminals and cyber criminal attacks. Markedly improving the sector’s cyber security and resilience capabilities are a must. While the sector does have a comparatively high level of cyber security maturity, security gaps invariably persist and threaten to subvert systems.
As Check Point CISO Pete Nicoletti has noted, attackers only need to get it right once in order to catalyze strongly negative, systemic consequences that could send shockwaves throughout companies and lives across the globe.
In this article, discover financial sector trends, challenges and recommendations that can transform how you see and respond to the current cyber threat landscape.
Industry trends
According to a newly emergent report, 65% of financial services sector organizations have endured cyber attacks.
The median ransom demand is $2 million. Mean recovery costs have soared to roughly $2.6 million – up from $2.2 million in 2023.
The size of extreme losses has quadrupled since 2017, to $2.5 billion.
The potential for losses is substantial, especially when multiplied in order to account for downstream effects.
Industry challenges
The majority of financial leaders lack confidence in their organization’s cyber security capabilities, according to the latest research.
Eighty-percent of financial service firm leaders say that they’re unable to lead future planning efforts effectively due to concerns regarding their organization’s abilities to thwart a cyber attack.
There is a significant gap between where financial sector institutions want to be with cyber security and where the industry is right now.
Preparing for disruption
Beyond cyber security, financial sector groups need to concern themselves with business continuity in the event of disruption — which is perhaps more likely than not.
“While cyber incidents will occur, the financial sector needs the capacity to deliver critical business services during these disruptions,” writes the International Monetary Fund.
A major disruption – the financial sector equivalent of the Colonial Pipeline attack – could disable infrastructure, erode confidence in the financial system, or lead to bank runs and market selloffs.
To put the idea into sharper relief, in December of 2023, the Central Bank of Lesotho experienced outages after a cyber attack. While the public did not suffer financial losses, the national payment system could not honor inter-bank transactions for some time.
Industry recommendations
Organizations need innovative approaches to cyber security — approaches that prevent the latest and most sophisticated threats. Approaches that fend off disaster from a distance.
In 2023, nearly 30 different malware families targeted 1,800 banking applications across 61 different nations.
At Check Point, our AI-powered, cloud-delivered cyber security architecture addresses everything — networks, endpoints, cloud environments and mobile devices via a unified approach.
We’ve helped thousands of organizations, like yours, mitigate risks and expand business resilience. Learn more here.
For additional financial services insights, please see CyberTalk.org’s past coverage. Lastly, to receive cyber security thought leadership articles, groundbreaking research and emerging threat analyses each week, subscribe to the CyberTalk.org newsletter.
10 Talent Tips In 10 Minutes – Make Great Videos This is a video I posted a while back now but over the last week I have been doing some shooting and it came to mind. I have been working with some people that have little…
We’ve reached the end of Game Informer’s Dragon Age: The Veilguard cover story coverage as we prepare to launch our next exciting issue. But I still have this one last feature to publish, and it’s about Bellara Lutare, the Dalish elf and member of the new Veil Jumpers faction in the game. During my visit to BioWare’s Edmonton, Canada, office earlier this year, I checked out the game’s expansive character creator, its in medias res prologue, and the first mission after said prologue.
Though BioWare released a big look at Veilguard’s prologue via a 20-minute gameplay trailer last month, they haven’t released much about that subsequent mission, where you meet and recruit your first companion, Bellara. I learned a lot about this character, and knowing I was one of the first outside of the studio to see the mission where you meet her, I spent a chunk of my interviews with the team’s leads talking about Bellara. So, for my final feature on Dragon Age: The Veilguard, here’s everything I learned about this quirky elven mage.
Everything We Learned About Bellara Lutara In Dragon Age: The Veilguard
In talking with BioWare’s various leads, like game director Corinne Bushce, creative director John Epler (who is personally responsible for writing Bellara and leading her development), and BioWare general manager Gary McKay, it’s clear the team has a deep love for this character. She’s energetic, effervescent, and academic, and as a companion for combat, she’s a character I’m pretty excited to use in my party.
“I love Bellara, I think she’s fantastic,” McKay tells me. “I see people that I know in her and so that’s how she really resonates with me. I love the whole tinkerer aspect to her. It was a collective to bring that character to life. It was everything from the writers, to the editors, the animators, to character modelers, to the texturing, to how we light her. I’m really proud of that character.”
Bellara In Combat
When I ask Busche about Bellara, she gives me some insight into what I can expect of the mage on the battlefield. And Bellara sounds like an excellent choice for both support and elemental combos.
“Oh my goodness, she is amazing,” Busche says. “So, first of all, she is a mage. She is an explorer of ancient Elven ruins. She is an elf herself and a member of the Veil Jumpers faction. They investigate the ancient ruins of Arlathan. Everything about her character as a mage leans into that, but she also challenges the kind of archetypal idea of a mage.”
She does that by attacking with a bow at range using electrically charged arrows. But she’s also casting spells that slow down time or heal allies and Rook. She does that by channeling magical energy into her gauntlet. Busche says she starts as a support character in combat, thanks to her healing spells, but notes players don’t have to build her out that way. She also leans into electrical damage, and “damage type really matters a lot when we get into the strategy and tactics,” Busche says.
“You can spec her out in a way where she’s unleashing this devastating vortex that pulls in all enemies into an electrical storm. Maybe then we unleash our own [area of effect attack] with all the enemies clumped together,” Busche adds. “She can debuff all the enemies with the shocked affliction, where they’re taking passive damage. I mentioned she can slow time, she can heal. She is one of the characters that you can build out [to have her] healing spells heal you autonomously, so if you’re the kind of player that likes to be on the frontlines […] Bellara might just be the perfect companion for you.”
Bellara’s Place In The World
Epler, who writes Bellara, tells me about her place in Thedas as an elf and the connection elves have to the magic of the world. He says if you’ve paid attention to the franchise, you likely already know that elves are historically an oppressed people in the games. Now, with two of their gods on the loose in Veilguard, magic has poured back into the world in a big way.
“She represents the Veil Jumpers,” Epler explains. “Now, the Veil Jumpers are a faction that’s appeared in the comics before, but otherwise, this is the first time it’s appeared in the games, and they are the ones journeying through Arlathan, where the ancient elven empire used to exist and left a lot of artifacts when it disappeared. When the elves fell from immortality thousands of years ago, they still left a lot of their artifacts and a lot of their, for lack of a better term, magical technology behind, and Bellara represents this yearning to find the truth of who the elves were because not only did they lose their magic and their immortality, they lost a lot of their history.
“A lot of what they know of their past is based on myth, it’s based on rumor. Bellara is a knowledge seeker. She wants to find out what’s true, what’s not; she wants to find the pieces of who the elves used to be and really understand what their story was, where they came from, as well as figure out where they’re going next, and find a future for the elves. And within the context of The Veilguard, she joins the team, first of all, to help stop the gods because Bellara feels at least partially responsible since they are elven gods, but also to maybe find a little bit more of who they used to be. Because again, you’re dealing with these elves that were around millennia ago that have now reemerged into the world, and who better to teach her who the elves used to be than them.”
A Quick Detour: Magic
For one of my last questions to Epler, I was curious about the contrast between Bellara, an elven mage who is optimistic and bubbly, and Solas, a determined and tragic character. He indicated there might be more to Bellara than meets the eye.
“Solas sees himself as the tragic hero,” Epler says. “He’s not capable of really being happy, he can’t let himself be happy, partially because he carries the guilt of what he did bringing the Veil, doing what he did to the world. Whereas Bellara is somebody who has seen tragedy, and as you get into her character arc and get into her backstory, you realize this is a character who has seen a lot of tragedy. But that tragedy, instead of wallowing in it, she’s forced herself to push past it. She looks at her regrets, and she tells herself, ‘I don’t want to feel regret.’
“Whereas again, Solas tends to wallow in his to a large degree. And it allows us to create a very big differentiation. Part of it is also because Solas is an ancient elf, whereas Bellara is a Dalish elf, but she just sees a problem and wants to solve it. She feels a tremendous amount of responsibility to her people […] to the Dalish, and to the Veil Jumpers, and that drives her forward. That said, she does have her moments where she has doubt, she has moments where she has a more grim outlook, and there are moments where you realize that some of her sunny, optimistic outlook is kind of a mask that she puts on to hide the fact that she’s hurting, she’s in pain. But in general, she doesn’t see any benefit to wallowing in those regrets.”
We learned today that Bellara will be voiced by Jee Young Han, known for her roles in Perry Mason,Unprisoned, and as Sentinel Dax in a previous Bioware game, Anthem. To see the rest of the cast, along with Rook’s four voice options, click here.
[Editor’s Note: This article has been updated to reflect that Bellara’s last name is Lutare, not Lutara as it previously incorrectly stated]
For more about the game, including exclusive details, interviews, video features, and more, click the Dragon Age: The Veilguard hub button below.
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In this week’s episode of The Game Informer Show podcast, we unpack our latest cover story on The Casting of Frank Stone! After that, Marcus Stewart dives into his time playing the cyberpunk noir detective game Nobody Wants to Die. Charles Harte discusses his early impression of Arranger, and Kyle breaks down his review of Kunitsu-Gami: Path of the Goddess. Marcus also chats about his recent trip to Blizzard to play Diablo IV: Vessel of Hatred’s new Spiritborn class, and we round out the discussion with listener questions and a surprisingly long reflection on the 1995 film Powder.
The Game Informer Show is a weekly gaming podcast covering the latest video game news, industry topics, exclusive reveals, and reviews. Join us every Thursday to chat about your favorite games – past and present – with Game Informer staff, developers, and special guests from around the industry. Listen on Apple Podcasts, Spotify, or your favorite podcast app.
The Game Informer Show – Podcast Timestamps:
00:00:00 – Intro 00:04:02 – Cover Story: The Casting of Frank Stone 00:24:52 – Arranger: A Role-Puzzling Adventure 00:33:44 – Nobody Wants to Die 00:51:03 – Kunitsu-Gami: Path of the Goddess Review 01:01:30 – Charles’ Retro Console Corner 01:05:54 – Diablo IV Vessel of Hatred – Spiritborn Class Preview 01:14:56 – Housekeeping and Listener Questions
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