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Attacks Hike? New Cybercrime Report Shows 40 Percent Increase for Merchants, Financial Institutions

The Q3 2016 ThreatMetrix study found that even during the traditionally slow third quarter, both financial companies and merchants were dealing with more attacks than ever. Financial institutions saw more than half of all service transactions originate from mobile devices. Social media, meanwhile, is facing a 400 percent increase of account creation attacks. The U.S. Treasury wants companies to start talking about cybercrimes and report timely and thorough reports of any attacks. Government officials are already prepping for cybercrime on Election Day.”]

Source: https://securityintelligence.com/news/attacks-hike-new-cybercrime-report-shows-40-percent-increase-for-merchants-financial-institutions/

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