Carbon Black published its second annual finance-focused report, “Modern Bank Heists: The Bank Robbery Shifts to Cyberspace.” The report surveyed CISOs at the world’s largest financial institutions and found that 67% have witnessed an increase in cyberattacks over the past 12 months.
The report also uncovered alarming cybersecurity trends and findings such as:
The report also uncovered alarming cybersecurity trends and findings such as:
- Over the past year, there was an increase in wire transfer fraud (47%) and home equity loan fraud (31%)
- 79% of financial institutions said cybercriminals have become more sophisticated
- Of the emerging Techniques, Tactics and Procedures (TTPs) used by cybercriminals over the past year, financial institutions are being hit with:
- Destructive attacks (26%), with an intention of destroying data - this was a 160% increase over 2018
- Island hopping (32%), through supply chain vendors and partners
- Watering hole attacks (21%), where sites are hijacked and visitors’ are misled to malicious pages
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