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Hackers Exploit Payments Infrastructure

Hackers are targeting and exploiting weaknesses in the U.S. payments infrastructure as an easy-to-travel avenue for access to intellectual capital, says Bill Wansley, a financial fraud and risk consultant for Booz Allen Hamilton. Banks and credit unions are better equipped than other industries to mitigate exposure and financial losses, he says. Nation states often use the Internet for cyberespionage, stealing intellectual capital by targeting financial transactions, he adds. The FBI is able to take down a group, but they still have a long ways to go to start catching up with the rest of the cybercriminals.”]

Source: https://www.govinfosecurity.com/hackers-exploit-payments-infrastructure-a-5076

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