Cybercrime has become a worldwide issue, thanks to the growingsophistication of online techniques. In 2014 alone, the FBI'sInternet Crime Complaint Center (IC3) received 269,422 complaintswith an adjusted dollar loss of $800,492,073.
More than a third of financial services industry websitescontain at least one serious vulnerability, such as data exposure, every single day,according to the Santa Clara, Calif.-based WhiteHat Security'sWebsite Security Statistics Report. Serious vulnerabilities giveattackers the ability to take control over a website, compromiseuser accounts on a system, access sensitive data, violatecompliance requirements and possibly make headlining news.
According to cybersecurity experts, there is no single fix –except for the awareness that cybercriminals continue to changetheir tactics and seek out the weakest defenses to compromisesystems, and steal data and money.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
