Financial services have always been attractive to cybercriminals, but in 2019 the attacks have become more subtle, more patient, and much harder to detect. Instead of going after bank networks head-on, attackers are shifting their strategy and focusing on email accounts — especially those belonging to executives, branch managers, underwriters, and employees involved in wire transfers. Business Email Compromise (BEC) is now one of the most financially damaging threats facing banks,...
The Growing Risk of Email Compromise for Financial Services Firms
Posted on Oct 4, 2024