Hacktivism: Defending Against The Unknown
In addition to protecting themselves against hacktivists, banks need to be wary of state-sponsored cybercrime as well as espionage.
To date, most that resulted in security breaches were perpetrated by criminals looking to make a profit. Granted, the profits were often large. There was the 2012 ATM scheme that swiped $45 million in a few hours, and the 2011 hack of Fidelity National Information Services systems that allowed thieves to make off with $13 million in lass than a day (also form ATMs).
While these examples made headlines because of the big price tags, thousands of smaller breaches -- password hacks, phishing attacks, stolen PINs -- added up to huge losses for financial firms. However, the next wave of attacks may not be for financial gain. Read full story on Wall Street & Technology
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