ZeroFOX's "Financial Services Digital Threat Report 2019," released today, reports a 56% year-over-year increase in digital threats targeting the financial space. Researchers scanned 2.9 billion pieces of content and found more than 8.9 million security events in a 12-month period. Brand abuse and manipulation was the most common threat, with more than 250,000 events. Ninety percent of these were name impersonations, often not easily detected due to disguising tactics.
Financial services firms are more prone to corporate social media account takeover, researchers found: Attempts occur nearly 30 times per year on average for each company. Each executive is hit with an average of four credential compromises per year, 2.3 of which stem from breached databases. Each financial services company has an average of 30 targeted execs.
Read more: Dark Reading