2013's 5 Biggest Online/Mobile Cyber Threats
You ain’t seen nothing yet.
That’s the collective worry voiced by security professionals who look ahead and see a world with ever more and ever more sophisticated cyber threats to credit unions.
The numbers frighten: Some 36 million Euros have been pilfered from 30,000 bank accounts in several European countries via a newly documented malware threat and what is more frightening is that the exploit, known as Eurograbber, piggybacks on the use of cellphone SMS as a two-factor authentication tool.
Matters were bad enough that in 2012 the FBI issued a warning, saying that it had found evidence bank and credit union employees are increasingly targeted by cybercriminals.
Shamoon is about simply destroying an institution’s data – wiping its records clean – and, said Justin Seitz, a security expert with Immunity in Miami Beach, Fla., “We expect to see these attacks launched against credit unions in 2013, to disrupt the economy.”
When at first they don’t succeed, some cyber-criminals are learning from the tactics used by a credit union to detect and thwart them – and they are coming back in 90 to 120 days with an improved scheme to loot the institution and its members’ accounts, said Rob Kraus, a security expert with Omaha, Neb.-based Solutionary, a provider of managed security services.