Security News > 2020 > June > Cybercriminals banking on finance: Mitigating escalation

No financial firm is ever safe, especially as cybercriminals become more determined and sophisticated in their attack methods.

Cybercriminals often work to exploit fear and uncertainty during major world events by launching cyber attacks, and the pandemic is no exception.

Financial institutions have reported cybercriminals are becoming more sophisticated, leveraging highly targeted social engineering attacks and advanced procedures for hiding malicious activity.

Cybercriminals are escalating their attacks as they fight back to maintain persistence.

As the COVID-19 battle continues, it's clear attackers will continue to target vulnerable populations and organizations, with an eye on finance.

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