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Ransomware plagues finance sector as cyberattacks get more complex

20
Apr
2022
Ransomware plagues finance sector as cyberattacks get more complex

image credit: adobe stock

Ransomware plagues financial institutions as they face increasingly complex threats over previous years owing to the changing behavior of cybercriminal cartels, according to VMware’s latest Modern Bank Heists report.

This has happened as the cybercrime cartels have evolved beyond wire transfer frauds to target market strategies, take over brokerage accounts, and island-hop into banks, according to the report.

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