NuData finds 96% of login attacks on financial institutions were ‘sophisticated’

Back End News | September 22, 2020 –Financial institutions (FIs) receive the highest percentage of sophisticated attacks amongst all industries, with 96%, up from 90% in 2019, according to the report of NuData Security, a behavioral biometrics company based in Canada.

The financial industry is among, if not the top, target of bad actors considering the type of client data it posses. With this in mind, banks and other financial institutions increased their security spending and heightened security posture making it difficult for cybercriminals to conduct “basic attacks.” For the complete article, go here.