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Financial services organizations saw a 28% increase in automated bot attacks and 28% drop in human-initiated cyber-attacks over the first six months of 2021 compared to the same time period last year, according to a new report from LexisNexis Risk Solutions.
Across all industries globally, bot attacks – which typically mass-test stolen identity credentials on a particular use case and originate from a machine or series of machines, according to the report – rose 41% year-over-year in the first half of this year. Human-initiated attacks on individual online transactions, which typically return full digital identity profiling data, fell 29% across all industries globally during the same time period, the report said.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
