New report predicts rise in targeted attacks, online banking crime

TrendMicroReport2015

In a new cyber crime report released last week, IT security provider Trend Micro makes a number of predictions for 2015 and beyond, including a rise in targeted attacks and an increase in the severity of online banking and other financially motivated attacks.

“The growing risks online banking threats pose should motivate individuals and organizations alike to use the two-factor authentication measures and hardware or session tokens that banks and other financial institutions provide,” the company says in the report. “Payment card providers in the United States and other countries, meanwhile, should put data security at the forefront by making the use of chip-and-PIN cards and PoS terminals mandatory, especially amid the breaches hitting big-name companies left and right.”

The report, titled “The Invisible Becomes Visible,” also highlights the problem of darknets (peer-to-peer networks where sharing is anonymous), the vulnerabilities of mobile devices and the possibility of new threats that target mobile-payment methods.

The full report is available for download here. 

[ image courtesy of Trend Micro ]

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Comments

  1. says

    It’s why the banking community needs to step up their efforts in cyber security and general security awareness training for all employees. As a PCI-QSA, I would like to add that the banking community should not forget the importance of PCI DSS security awareness training, which is often overlooked in today’s world of compliance. Both merchants and service providers need to put in place comprehensive training programs for all employees, and for good reason when you stop and think about it. While companies in the banking industry often spend untold sums of money on the latest and greatest hardware and software products, they fail to recognize the importance of training and educating employees on security issues, threats, and best practices. There are a multitude of programs available online, many for free, so there’s really no excuse. Want to stay in business, then protect cardholder data by training your employees on important security issues and threats – it’s really that simple.

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