News Insights: Hackers Use Compromised Banks as Starting Points for Phishing Attacks
Hackers Use Compromised Banks as Starting Points for Phishing Attacks
Cybercriminals attacking banks and financial organizations use their foothold in a compromised infrastructure to gain access to similar targets in other regions or countries.
News Insights
According to Dean Ferrando, EMEA manager at Tripwire, “It is worrying to witness phishing campaigns increase in sophistication to the point of using a breach to impersonate an organization as trusted as a bank to gain access to even more networks and as such, customer data. This does pose a wider question about the need for a concerted effort to not only prevent these types of attacks, but also to educate the public about being more vigilant on who they think they can trust. Security has become a collective problem. It is no longer a matter of organizations just protecting themselves and their digital assets, but a matter of not allowing one weak link in a network of organizations to become the enabler of a much larger criminal endeavour.”
Hugh Taylor
Hugh Taylor is a Certified Information Security Manager (CISM). In addition to editing Journal of Cyber Policy, he writes about cybersecurity, compliance and enterprise technology for such clients as Microsoft, IBM, SAP, HPE, Oracle, Google and Advanced Micro Devices. Prior to launching his freelance writing career, he served in executive roles at Microsoft, IBM and several venture-backed technology startups.