IBM X-Force discovered a new overlay RAT malware that exploits the AutoIt framework to evade antivirus detection while perpetrating bank fraud in Brazil.
A new set of bitcoin malware attacks known as CryptoShuffler generates income for fraudsters by infecting device clipboards to replace wallet IDs.
Open banking is changing the way people manage their money, transforming the relationship between customers and financial institutions.
New account fraud is rising in popularity among cybercriminals due to the frequency with which users are opening new online banking accounts.
Financial institutions need intelligence-driven fraud detection and prevention solutions to protect customers' sensitive data from phishing attacks.
Financial companies that provide mobile services need advanced malware detection tools and threat intelligence to protect customers from financial fraud.
As banking and retail institutions adopt stronger security measures, cybercrime trends are shifting to maximize fraudsters' ROI.
With so many ways to connect with banks today, financial organizations need omnichannel fraud detection tools to distinguish customers from fraudsters.
Banks and financial institutions require a dynamic strategy to identify emerging cybercrime trends and stop fraudsters in their tracks.
Our prediction at the end of 2016 held true: The influx of advanced DDoS, POS and other attacks targeting the financial sector has yet to abate in 2017.