It’s long been the case that banks attract criminals. The huge amounts of money they store and move around make them extremely attractive to those looking to enrich themselves illegally.
And while banks are still targeted by armed robbers, cybercriminals are upping their efforts to steal money without setting foot in a bank building or vault.
The average bank faces 85 targeted attacks per year, with a third of those successful. Whether it’s attacks on online banking services and point-of-sale systems, or social engineering of customers, cybercriminals won’t give up.
In ‘Securing the vault: Cybersecurity and banking’, we look at the cyberthreats faced by banks and how they can better defend against the increasingly determined and sophisticated cybercriminals who target them.