{"id":17245,"date":"2018-07-30T15:27:20","date_gmt":"2018-07-30T15:27:20","guid":{"rendered":"https:\/\/one.sightlinemg.com\/c4isrnet\/uncategorized\/2018\/07\/30\/symantec-financial-cyberattacks-are-on-the-rise\/"},"modified":"2026-08-08T04:43:59","modified_gmt":"2026-08-08T04:43:59","slug":"symantec-financial-cyberattacks-are-on-the-rise","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/c4isrnet\/cyber\/2018\/07\/30\/symantec-financial-cyberattacks-are-on-the-rise\/","title":{"rendered":"Symantec: Financial cyberattacks are on the rise"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Cyberattacks seeking profit have been on the rise in the past year, according to a security software company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Vikram Thakur, a researcher at Symantec, told Fifth Domain in an interview that the company has advised customers in the past few weeks to run the most up-to-date software and have high user awareness to mitigate the risks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe common goal of financial profit seems to be extremely rampant,\u201d Thakur said, adding that hackers have targeted everyone from large financial institutions to individuals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thakur said that hackers see financial institutions as a low-probability, high-reward attack. Even though banks have some of the best cybersecurity in the world, just one successful attack can be worth millions of dollars.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Hackers have increasingly targeted the SWIFT bank messaging system to steal millions of dollars.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAdversaries have advanced their knowledge\u201d over the past 18 months, said a November 2017 report from SWIFT and BAE Systems. Advanced attack methods include \u201cgaining administrator rights for operating systems, manipulating software in memory, and tampering with legitimate functionality to bypass two-factor authentication.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But at the other end of the spectrum, hackers are also targeting individuals as a high-probability, low-risk scheme. \u201cThe highest volume that we see tends to be targeting end users in the hopes of taking their credentials or credit cards,\u201d Thakur said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There has been a 135 percent year-over-year increase in financial data being sold on the dark web, according to a <a href=\"https:\/\/cdn2.hubspot.net\/hubfs\/3699194\/Content\/Research%20Reports\/IntSights_Financial_Services_Landscape-Final.pdf?utm_campaign=2018-Q2-Content-Financial-Services-Landscape-Report&#038;utm_medium=email&#038;_hsenc=p2ANqtz-8KGKgSA1ENuXla0exZ5zMBnGWJeTz0K80Bz1wLcCSDR6xd-2D-6Uc4PLqdOPx--eH93Fr5sug-3oEQFaCwIBBZfR-WTw&#038;_hsmi=63945897&#038;utm_content=63945897&#038;utm_source=hs_automation&#038;hsCtaTracking=037a7e60-7d08-442a-90f8-2ec4e49911d3%7Cd381c1a1-6cf8-433a-ad8f-8a3fa6b84d5a\" target=_blank>July report<\/a> from the threat intelligence firm IntSights.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The increased financial attacks are not confined to one geographic location, Thakur said. \u201cIf you look at it from an attacker prospective, they don\u2019t care where the money comes from.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thakur also said it was difficult to determine why there has been an increased number of cyberattacks seeking profit. On one hand, attackers might be more motivated to carry out a cyberattack because of need, but Thakur added hackers might also be enticed by the booming incomes of banks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIt works both ways. Guessing the motivations for attack would be pure speculation.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hackers targeting both large financial institutions and individuals for profit have increased over the past year, according to security software company Symantec.<\/p>\n","protected":false},"author":7,"featured_media":53732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_canonical":"","_acf":"","_yoast_wpseo_primary_category":10,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_smg_distribution_targets":[]},"categories":[10],"tags":[],"coauthors":[2917],"class_list":["post-17245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyber"],"acf":{"subheadline":"","legacy_arc_id":"XNPXUBPBWJCPTJHHWUIPGLPOXQ","arc_canonical_url":"\/critical-infrastructure\/2018\/07\/30\/symantec-financial-cyberattacks-are-on-the-rise\/","remove_feature_photo":false,"is_sponsored":false,"subtype":"","redirect_url":"","disable_inline_ads":false,"native_logo_pretext":"Presented By:"},"yoast_head":"<!-- This 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