Insecure Internet-connected devices have aided different types of cybercrime for years, most common being DDoS and spam campaigns. But cybercriminals have now shifted toward a profitable scheme where botnets do not just launch DDoS or spam—they mine cryptocurrencies as well.
A typical European bank, serving 10 million customers, could save up to €10 million annually and avoid growing fines by the regulator by implementing technology to improve the ‘Know Your Customer’ (KYC) processes, according to new research from Mitek and Consult Hyperion.
McAfee Labs saw an average of 504 new threats per minute in Q1 2019, and a resurgence of ransomware along with changes in campaign execution and code. More than 2.2 billion stolen account credentials were made available on the cybercriminal underground over the course of the quarter. Sixty-eight[...]
Financial organizations increasingly turn to online portals, social media, and mobile apps to better engage with customers. However, the same digital platforms' low cost and low barrier to entry make it easier for cybercriminals to exploit them and target a larger pool of financial victims.
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