The financial services industry, a cornerstone of modern economies, is a prime target for cybercriminals. The allure of vast sums of money, sensitive personal data, and the intricate web of interconnected systems makes it a lucrative hunting ground. This blog delves into the five most significant cyber threats facing financial institutions, providing insights into their modus operandi, potential impact, and strategies for mitigation.
Cybercriminals are opportunistic. They target organisations of all sizes, but healthcare MSMEs, with their rich trove of sensitive patient data, are particularly attractive.
Understanding the fundamental principles of SMT is essential to grasping the nature of SMT side-channel attacks. A processor’s physical core can be divided into multiple logical cores, each capable of executing a separate thread of instructions. This lets the processor handle various tasks simultaneously, improving overall system performance.
DPI is a sophisticated technique network administrators employ to examine the data content within network packets. It’s instrumental in detecting and preventing malicious activities such as malware, spam, and unauthorised access. However, cybercriminals have adapted and developed countermeasures to bypass DPI, a phenomenon known as DPI evasion.
Formjacking is a sophisticated cybercrime where malicious code is injected into e-commerce websites to rob payment card details. Attackers target online forms, such as checkout pages, to capture sensitive information as customers enter. Once compromised, this data is transmitted to the attacker, leaving businesses and customers vulnerable to financial loss and reputational damage.