Take a look at some of the most serious cases of bank fraud in recent history. Hackers, insider threats, and more are at the root cause of these. Are you doing everything you can to prevent fraud in your organization?
The team at Fortunly recently created an infographic with information on the biggest bank fraud cases in history.
Common Security Threats
These cases are filled with so much drama that books have been written about them and Hollywood movies have been created using these storylines.
When you look at the facts, there are certain underlying similarities that you can prevent in your organization. Prevent bank fraud by being aware of these potential threats:
Insider Threats
Some of the cases of bank fraud include hacks and cover-ups from former employees. But, you are always at risk of insider threats when it comes to your security. It’s important to be sure your employees are aware of security threats and be aware of suspicious emails, etc. You also have to protect your employees by using technology or services like Managed Detection & Response that could prevent malware from executing.
Phishing Emails
Hackers are getting smarter, cyberattacks are getting more and more prevalent in 2019.
Why? Because cybercrime is big business. In 2018 alone, cybercriminals received $1.5 Trillion in revenue.
According to a new study, 70% of American workers don’t grasp web security and privacy. The majority – 70% – of US employees fail when it comes to security and privacy best practices. Employees represent the biggest threat to their company or organization’s cybersecurity, this is just further proof. The email phishing statistics below are proof of this fact.
While this is alarming, it’s important to understand that organizations are not spending enough on technology or services to prevent cybersecurity issues from happening. While budgets are rising slowly, employees still need to be aware that they are the biggest threat to their organization. Read more phishing email stats here.
New attack vectors and vulnerabilities are discovered every day. Your organization likely has firewalls, IDS/IPS, and AV solutions installed that look for malicious activity at various points within the IT infrastructure, from the perimeter to endpoints. However, many of these solutions are not equipped to detect zero-day attacks and advanced persistent threats. Consider using a service like our Managed Detection & Remediation.
Hackers
When your goal is to protect your organization’s data, you need to have a baseline framework that will help all future decision-making. When you have a framework in place, an assessment Compromise Assessment is helpful in discovering the potential gaps in your security strategy.
Biggest Ever Cases of Bank Fraud
