Five Ways Financial Services Organizations Can Stop Infiltration [Forbes]
Bank of America Corporation (BAC)
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Source: Forbes
In the early days of financial crime, criminals would storm in, exploit physical weaknesses in security, draw guns and seize the goods. Today, cybercriminals operate from the shadows of the cyber world to infiltrate financial organizations with the objective of stealing digital currency, financial records, credit card data and customer accounts, causing disruption and reputational damage. Both the Bank of America and Prudential Financial have been infiltrated this year. How Are Bad Actors Infiltrating Financial Services Businesses? Initial access or infiltration is one of the first steps in any multistaged cyberattack. It's how attackers gain entry into a victim's environment. Most financial services organizations have sophisticated cybersecurity defenses already installed—hacking them is hard and requires time, skills and resources. But bad actors circumvent these controls by choosing the easier way in—hacking employees. About of cyberattacks in the financial services sector ori
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