Technology News: Insider Threats and Phishing-as-a-Service in Trustwave's 2024 Financial Reports
Technology News: 2024 Financial Services Threat Reports
In the latest technology news, Trustwave has released its 2024 series of reports focusing on critical cybersecurity threats in the financial services sector. These reports highlight the alarming rise of insider threats and phishing-as-a-service, essential insights for businesses aiming to fortify their security posture.
The Growing Challenge of Insider Threats
- 24% of ransomware attacks targeted financial services.
- 49% of attacks originated from phishing techniques.
- Insider threats are recognized as the costliest type of data breach.
Key Insights from Trustwave SpiderLabs
Trustwave's analysis underscores the complexity of today's cybersecurity landscape, where financial services remain prime targets due to their wealth of sensitive data and substantial funds. Their recent findings include:
- Top attack methods including brute-force credential access.
- Phishing emails often contain HTML attachments.
- The prevalence of ransomware attacks in the US financial sector.
As Kory Daniels of Trustwave notes, “Digital trust is paramount for financial services to effectively operate in a hyper-competitive market.” This highlights the urgent need for organizations to enhance their cybersecurity strategies in light of these findings.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.