CyberNews Briefs

Cyberthreats Against Financial Services Up 56%

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.

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OODA Analyst

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