Credential theft.
A cybersecurity expert emphasized that 2017 attack trends such as credential theft and business email compromise are still threats as breach sources; and what businesses and consumers can do to secure themselves.
Jeff Wilbur, technical director of Online Trust Alliance revealed that attacks targeting businesses nearly doubled from 82,000 in 2016 to 159,700 in 2017, marking another worst year ever in data breaches and cyberincidents. However, since the majority of cyberincidents are never reported, OTA believes the actual number in 2017 probably exceeded 350,000 and that 93% of all breaches could have been avoided had simple steps been taken.
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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.).
