A new report by ThreatMetrix reveals that there has been a 40% increase in cybercrimnial activity against banks over the past 12 months, including 100 million attempts at fraud during this period. the previous quarter, a record 45 million bot attacks against banks took place, an increase of tenfold when compared with Between October and December. The report warns that if just one of these attacks was successful, a major bank could be paralysed for days, potentially leading to billions in lost business, adding that bot attacks are the biggest attack vector to financial businesses globally.
A new report by ThreatMetrix reveals that there has been a 40% increase in cybercrimnial activity against banks over the past 12 months, including 100 million attempts at fraud during this period. Between October and December, a record 45 million bot attacks against banks took place, an increase of tenfold when compared with the previous quarter. The report warns that if just one of these attacks was successful, a major bank could be paralysed for days, potentially leading to billions in lost business, adding that bot attacks are the biggest attack vector to financial businesses globally.