Distributed-denial-of-service attacks waged as a mode of distraction to perpetrate fraud are a growing threat. Banking institutions need to focus on stronger authentication and increased reliance on big data analytics to anticipate and mitigate fraud. Ransomware and insider threats will continue to be a substantial threat in 2014, experts say. Social engineering attacks and call-center schemes waged against employees will increase in volume and sophistication in the year ahead. The industry still has a long way to go in protecting assets and data, an analyst says.”]
Source: https://www.cuinfosecurity.com/banking-cyber-attack-trends-to-watch-a-6482