ARLINGTON, Va. — International fraudsters are increasingly taking financial institution websites hostage, demanding bitcoin payments before they will release the hacked site, Visa Vice President of Payment Systerm Cyber Intelligence Penny Lane said.
So-called ransomware vaulted into the top ranks of the most preferred malware by cybercriminals, the Sunnyvale, Calif.-based security firm Proofpoint recently reported.
Those and other large-scale hackers targeting financial institutions can be divided into three categories, she told those attending the PSCU-sponsored Focus on Fraud Perspectives Thought Leadership event, which took place at the Renaissance Arlington Capital View.
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