Fraud attacks are now on the rise, with malicious actors launching targeted phishing and malware attacks, capitalizing on the Coronavirus pandemic. Having a strong cybersecurity strategy in place has never been more critical.
The majority of financial institutions have made the digital transformation – offering online banking through their website or on mobile applications.
Cyber threats of all types evolve frequently to become more elaborate and complex.
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It has never been clearer that organizations are aware of the risks of fraud: in 2019 100% of financial institutions surveyed in the Faces of Fraud Report reported increasing or maintaining their budgets for fraud prevention. Read more
The cat-and-mouse game between cybercriminals and security analysts never stops. Every so often, the mouse (in this case, represented by some kind of malware) pulls out front at a pace that catches that cat (the security solution) off guard. Read more
Typically, anti-phishing protection is a hammer that views every malicious site as a similarly-sized nail. It discovers a phishing site, slates it for removal, and eventually removes it from the internet so that users can’t click on or enter their credentials into it. Read more
Banking Trojans are a type of malware frequently used to steal sensitive information such as banking credentials. Read more
Scanning the dark web for stolen credentials isn’t necessarily on the radar of every financial institution – but it should be. Read more
Account takeover (ATO) – it’s the ultimate goal of most fraud attacks, and already causes at least $6.5 billion to $7 billion USD in annual losses across multiple verticals. Read more
Phishing is one of the oldest forms of digital fraud, and it shows no signs of going away anytime soon. Read more