Banking institutions need to focus on detecting and mitigating multiple risks across multiple channels in 2014, experts say. DDoS attacks waged as a distraction to perpetrate fraud are a growing threat. Social engineering schemes waged against customers will increase in volume and sophistication. Ransomware and insider threats will continue to be a substantial threat in 2014. Banking institutions should brace for a significant uptick in ransomware attacks, such as CryptoLocker, says Tom Wills, a financial fraud expert in Singapore and director of Ontrack Advisory, a consulting firm focused on payments.”]
Source: https://www.govinfosecurity.com/banking-cyber-attack-trends-to-watch-a-6482