DDoS gets the press – "but it's fraud that gets the attention of our banking executives," said Lynn Price, an IBM security executive.
That may surprise given the blizzard of headlines Distributed Denial of Service attacks have won, but DDoS, so far, has not typically inflicted money losses. It may have shut down the websites of targeted institutions but it did no more.
Fraud, by contrast, is all about emptying the till. Sneakily. Quietly. No headlines sought. And exactly that is what bank and credit union executives really lose sleep over.
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