Blog | G5 Cyber Security

Is Financial Malware Breaking the Bank?

Financial institutions are vulnerable to attacks. Most dont advertise the fact, but with threat after zero-day threat emerging, its impossible to avoid the obvious. Most financial institutions use a combination of authentication protocols, anomaly detection and device ID approaches to catch fraudsters in the act. These techniques are hit-or-miss.Authentication can be bypassed with social engineering tools, which supply malware creators with legitimate login information. Fraudsters use their own devices to access customers accounts and perform fraudulent transactions.”]

Source: https://securityintelligence.com/is-financial-malware-breaking-the-bank/

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