Malware groups working together. (Source: Shutterstock)
In what cannot be good news for credit unions and banks, in 2018 financial malware gangs started cooperating with each other to launch attacks against financial service organizations using homegrown tools.
That is one of the revelations of IBM X-Force analysis, "The Business of Organized Cybercrime: Rising Intergang Collaboration in 2018," authored by Limor Kessem, executive security advisor, IBM. While financial services remained the top target for these gangs, she saw a dramatic shift among the financial malware gangs in last year when they openly shared their operations with others.
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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.).
