A developer working with Tata Consulting Services in Kolkata, India has leaked troves of internal documents to GitHub, the web-based version control repository and Internet hosting service. Financial institutions whose files were leaked had mixed responses, with some ignoring the notice that their internal files were out in the open for competitors or hackers to use.
In 2016 we continued our in-depth research into the financial cyberthreat landscape. We’ve noticed over the last few years that large financial cybercriminal groups have started to concentrate their efforts on targeting large organizations – such as banks, payment processing systems, retailers, hotels and other businesses where POS terminals are widely used.
eCommerce merchants and financial institutions will be investing heavily in online fraud detection solutions over the next five years, with annual spending reaching $9.2 billion by 2020, up by 30% on current levels, according to Juniper Research.
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