A new ZeroFOX report shows that cyber threats targeting financial services firms increased by 56% over the past 12 months, compared to the previous year. The most prevalent was brand abuse, which in 90% of cases took the form of rather convincing impersonation attempts.
40% of cyber threats involved fraud, the most common examples of which were money-flipping schemes (37%), customer giveaway scams (28%) and cryptocurrency related scams (27)%. 75% of fraud attacks target mobile applications and social media platforms. The average financial services firm also experienced 30 corporate social media account takeover attempts per year.
