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.
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.
The Siri bug, a security loophole, allowed malicious actors to bypass device security measures and access sensitive information stored on locked iPhones, iPads, and other Apple devices. This was achieved through voice commands directed at Siri, circumventing the need for a passcode or biometric authentication.
Social engineering, a form of cybercrime that manipulates people into divulging confidential information or performing actions that compromise security, is a growing concern. Business coaches, due to their role as trusted advisors, are particularly vulnerable. This blog post will delve into the intricacies of social engineering, exploring how it targets business coaches, and providing actionable strategies for mitigation.