Security News > 2022 > January > Ransomware, supply chain, and deepfakes: The top threats the finance industry needs to prepare for

Ransomware attacks used to be limited to a single attack / single extortion attempt, where hackers would demand payment in exchange for decrypting the target organization's files they've encrypted.

In addition to ransomware, supply chain attacks have been very effective lately and are also on the rise, with the current trend seeing most of them targeting software companies, with high profile examples including attacks against SolarWinds and Codecov.

As attackers develop more techniques to put pressure on organizations, ransomware attacks will only grow in popularity, and I predict we will see ransomware continuing to evolve to targeting things like mobile and IoT/OT devices.

In 2021 we saw a reduction in the use of RDP as an attack vector, most famously used in attacks like WannaCry and NotPetya, and an increase in hackers favoring spear phishing to help them launch ransomware attacks.

As we move into 2022 it will be vital that all businesses have access to intelligence which not only gives them full visibility into their environment but also the wider threat landscape, preparing themselves for threats such as ransomware and supply chain attacks like the ones we've seen this year.

What's more, as we see deepfake technology and other attack methods coming to the fore in the finance industry and cybercriminals continuing to be more service-led, organizations need to ensure they're armed with solutions and resources to combat the "Might be" threats of the future.

News URL

https://www.helpnetsecurity.com/2022/01/12/finance-industry-threats/