BOSTON–A new analysis said it has found 164 regional bank and credit union brands in a sample of institutions experienced 870 online “brand impersonation attacks” during the first quarter of this year.
The "2022 Threat Brief: Credit Union and Regional Bank Brands Under Attack” report from Allure Security, a provider of online brand protection solutions, defines brand impersonation attacks as those that involve fraudsters publishing a website, social media account, or mobile app that imitates a brand's imagery and messaging to trick consumers into divulging banking credentials, payment details, and more.
According to the company, which said its AI-powered detection engine evaluates more than 40 million websites daily for brand abuse, said that while it found 164 regional bank and credit union brands in the sample experienced the 870 online brand impersonation attacks, most common domain monitoring methods “failed to identify 69% of these attacks,” Allure Security said.
‘Absurdly’ Intensive
“Domain monitoring required evaluating more than 18,000 websites and up to 302 person hours to find a single online brand impersonation,” Allure Security added. “Not only is domain monitoring alone insufficient, it's also absurdly resource-intensive.”
A copy of the report is available here.
The Very Best in CU Reporting. For You. For Free. Or Your Money Back.
Don’t forget to check your Spam/Junk email folder if you haven’t been receiving your free, popular and daily CUToday.info news headlines.
And if you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time.
CUToday.info has received very positive response from readers following the move to an improved provider of the daily headlines, but many also noted they did need to go to their Spam/Junk folder and mark it as safe.
The new email solution has not only improved every reader’s delivery experience, but it also features a fresh, new format that is easy to read, especially on mobile devices.
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com.