NEW YORK—More than one-quarter of all malware attacks target the financial services sector, which in the last year has seen dramatic spikes in credential theft, compromised credit cards, and malicious mobile apps as cybercriminals seek new ways to generate illicit profits, a new report indicates.
Banks and other financial services organizations were targeted in 25.7% of all malware attacks last year—more than any of the other 27 industries tracked, according to IntSights' Banking & Financial Services Cyber Threat Landscape Report.
The first quarter of 2019 saw a 212% year-over-year spike in compromised credit cards, 129% surge in credential leaks, and 102% growth in malicious financial mobile apps, stated Dark Reading in its analysis.