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One-time passwords (OTP) are intercepted by cyberthieves allowing them access to financial accounts clandestinely.
Cyberthieves are not slowing down.
Software vulnerabilities cause severe headaches for IT personnel.
In Verizon’s 2020 Data Breach Investigations Report, it was found that 81% of all breaches involved stolen or weak passwords.
Infamous cybercriminals caused the Colonial Pipeline breach and also hacked into three community banks within the same timeframe.
Decentralized finance (DeFi) is in its early stages.
Past Issues of PCBB BID articles which are a compilation of banking news, facts and opinions focused on issues vital to community banks and other community based financial institutions.
Dark web sites are only accessed with encrypted software to allow stolen financial information to be sold to cyberthieves anonymously.
Cybercriminals are bold these days, as cyberattacks remain lucrative for them.