Bank and Payment Fraud
Bank and payment fraud is the use of illegal means to obtain money, assets, or other property owned or held by an organization.
There is an extensive list of TTPs (Tools, Techniques, Procedures) that attackers can use to conduct cybercrimes, but it boils down to money or information theft.
The money motive in the key in ransomware, BEC, and payment fraud and when possible, cybercriminals prefer stealing cryptocurrency because often leaves no trail behind.
Bitcoins scams are just the tip of an iceberg. Phishing payloads that traditionally used fake login have morphed into dozens of different payloads, including money transfer scams, scareware, rogueware, credit card fraud, gift scams, man-in-the-middle attacks, just to name a few.
Making the situation worst, the infection vectors are no longer limited to just email but mobile, ads, search engines, messaging apps, etc.
SlashNext Blog Articles
Today, while man-in-the-middle (MiTM) attacks are still a big concern, the security endpoint has changed to the browser, creating a MiTB phishing threat that poses real danger.
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