Cloud storage sites will likely overtake financial institutions as the top phishing attacks targets, marking a major evolution in phisher targeting according to PhishLabs' "2017 Phishing Trends & Intelligence Report."
The Charleston, S.C. firm's 2017 PTI Report revealed, "This evolution in the phishing landscape also denotes a changing mindset in how phishers use the information they collect for financial gain (because it's always about the money)."
In the past, when phishers targeted customers of financial institutions, they would usually immediately use the credentials to break into a victim's account and steal their money. While this method still generates consistent high levels (the overall number of attacks targeting financial institutions increased in 2016), the 2016 phishing landscape saw explosive growth in attacks targeting credentials unusable for immediate profit.
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
Already have an account? Sign In Now
© 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.).
