In 2014, cybercriminals, using increasingly rapid and deceptive attacks, targeted the financial sector to stole massive amounts of data from major institutions, according to Mountain View, Calif.-based Symantec's Internet Security Threat Report.

Other highlights: Twenty percent of financial, insurance and real estate companies were at risk of spear-phishing attacks in 2014, similar to the 2013 rate; 30% of finance workers were targeted with spear-phishing attacks, where emails were frequently sent requesting payment by credit card or the completion of a wire transfer; and, financial information was the fourth most common type of information exposed in 2014.

"Attackers don't need to break down the door to a company's network when the keys are readily available," Kevin Haley, director, Symantec Security Response said in a release. "We're seeing attackers trick companies into infecting themselves by 'Trojanizing' software updates to common programs and patiently waiting for their targets to download them—giving attackers unfettered access to the corporate network."

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).