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The malware industry supplies all the components cybercriminals need to easily perpetrate malware-driven financial fraud and data theft. In today’s virtual world, the scope of organizations vulnerable to malware-driven cybercrime is quite broad. In addition to banks and credit unions that are subject to online banking fraud, financial fraud can be perpetrated on insurance companies, payment services, large e-commerce companies, airlines and many others.
Most attacks do not target an organization’s systems directly, but rather, their customer and employee endpoints.
The reason for this is that organizations have invested substantially in multiple layers of security, such as firewalls, intrusion prevention systems and anti-virus gateways, in order to filter out cybercriminals on the perimeter. Conversely, for endpoint security, organizations have leveraged anti-virus software,which often detects less than 40 percent of financial malware.1 Consequently, cybercriminals focus efforts on conducting malware-driven cybercrime, utilizing malware on user endpoints to commit financial fraud and steal sensitive data. Learn how your organization can combat malware-driven fraud and achieve sustainable threat prevention
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