Cyber-attacks against the banking industry have soared in the last few years. And financial institutions now face 300% more attacks than any other industry. Comparatively with other industries, the financial services industry isn’t shy where it comes to cyber security investment and generally has a superior level of protection.
But this attracts a more sophisticated demographic of hacker, who will hone different types of attacks to target a bank, as they are fully aware of the rewards they could reap if they succeed.
But, given the investment banks plough into defense, how do the hackers succeed? According to the FBI, one of the key entry points for cyber criminals is to gain employee login credentials through using spam and phishing emails, key stroke loggers and remote access Trojans.
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