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.
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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
Why Read the Report?
- Check out the 7 basic steps for conducting malware-driven financial fraud
- Learn how to combat malware driven financial fraud
- Learn the IBM Security Trusteer cybercrime prevention architecture
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