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Volume 32, Issue 2

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Tuesday, 30 April 2019 14:54

Credit Card Compromise Up 212% as Hackers Eye Financial Sector

Financial services firms saw upticks in credential leaks and credit card compromise as cybercriminals go where the money is.

More than one-quarter of all malware attacks target the financial services sector, which has seen dramatic spikes in credential theft, compromised credit cards, and malicious mobile apps as cybercriminals seek new ways to generate illicit profits.

It's hardly surprising to learn attackers want money; what researchers highlight in IntSights' "Banking & Financial Services Cyber Threat Landscape Report" is what they look for and how they obtain it. The first quarter of 2019 saw a 212% year-over-year spike in compromised credit cards, 129% surge in credential leaks, and 102% growth in malicious financial mobile apps.

Banks and other financial services organizations were targeted in 25.7% of all malware attacks last year – more than any of the other 27 industries tracked. Researchers point to two key events that largely shaped the modern financial services threat landscape: the shutdown of cybercriminal forum Altenen and "Collections #1-5," a major global data leak earlier this year.

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https://www.darkreading.com/vulnerabilities---threats/credit-card-compromise-up-212--as-hackers-eye-financial-sector/d/d-id/1334562