2016 will be remembered as a record year for bank cyber heists - a record likely to be broken in 2017.
Cyber criminals are coordinating advanced attacks on banks and financial institutions. If funds and customer information are stolen, it could compromise your institution’s reputation for years.
Recently, these increasingly sophisticated attackers have turned their attentions to wire transfer networks. The February 2016 attack on Bangladesh Bank revealed a sobering truth: the weaknesses in one bank’s cyber defenses compromise the security of all banks in that bank’s wire transfer network.
Do you have protections in place for when cyber criminals get past your firewall?
The subject of ransomware no longer needs an introduction. We recently looked ahead to the Advanced Ransomware Threats (ARTs) of the future, but it’s equally important to look at the topic at a lower level to understand the ransomware families that are threatening your organization.
By now we’re all familiar with the current generation of ransomware threats. While we’re seeing higher-profile ransomware attacks in the news (especially in the healthcare industry), the reality is that the majority of ransomware incidents are mostly opportunistic.
Between April 2015 and March 2016, there were 2,315,931 reported ransomware attacks.
Ransomware is the biggest topic in the cybersecurity community right now – but this certainly doesn’t mean it’s a new concept. Malware capable of encrypting files on infected machines has existed since 1989, but today’s cyber attacks are far more sophisticated.