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We analyze your responses and can determine when you are ready to sit for the test. Introduction In recent years, cyber crime has grown by leaps and bounds. Cyber crime revenue grew to levels comparable to that of a state, and major security analysts agree that it’ll experience sustained growth in the coming years. In this post, I’ll analyze the impact of organized cyber crime on online banking services. Methods of attack are becoming even more sophisticated with the passage of time.
Online banking has existed since the 1980s. Few cases of fraud have been reported until 2004. That means that the escalation of attacks is relatively recent, and was concentrated in the last decade. The improvement of online banking system, and its increased use by consumers worldwide has made this service a privileged target for cyber criminals. What are the main methods used by cyber crime, and how they have evolved over the years? We will analyze the most insidious cyber threats to online banking services, including phishing attacks, malware-based attacks and DDoS.
Phishing The number of phishing attacks against banking systems is constantly growing. Practically every sector of society is targeted by cyber criminals with various techniques. Phishing attacks make large use of social engineering techniques to fool the user and steal sensitive information and banking account credentials. In a typical phishing scheme, spoofed emails lead users to visit infected websites designed to appear as legitimate ones. The websites are designed to coax customers to divulge financial data, such as account credentials, social security numbers and credit card numbers. In the classic attack scheme, fraudsters send e-mails or advertisements to the victims with content that looks like they were sent by a bank or by a credit card company. The emails request victims to click on a link to go to a website that replicates a bank’s website.
The malicious email could contain a link to the fake website or could include an attachment that once opened, involves exactly the same task. Phishing attacks use social engineering techniques mixed with technical tricks to fool the user and steal sensitive information and banking account credentials. Phishing messages usually take the form of fake notifications from banks, providers, e-payment systems and other organizations. In literature, there are several variants of phishing, many of them involve the use of malware specifically designed to steal credentials from victims while hiding evidence of an attack. Phishing attacks hit almost every sector, predominantly banking, e-payment systems and e-auctions. According to Kaspersky Labs, nearly 20. May 2012 and April 2013 were aimed at accounts of banks and other financial organizations worldwide.
Cyber crime involves an increasingly sophisticated phishing attacks. Phishers are concentrating their efforts to break into hosting providers with unprecedented success and abusing of their resources to conduct large scale phishing attacks. Despite the simplicity of the schema implemented, phishing attacks are still very aggressive and represent a serious problem for the banking system. Request confirmation for personal or financial information with high urgency.
Request quick action when users are threatened with frightening information. Take care with email and other online communication from unknown senders. Verify online accounts regularly to ensure that no unauthorized transactions have been made. Don’t click on links, download files, or open email attachments from unknown senders.