When we’re on the subject of cyberattacks targeted at banks, we usually focus our attention on cybercrime as a totally unknown, uniform entity. However, the processes and techniques adopted provide a lot of clues to identify who may be behind the attack.
In the online fraud landscape we talk about the work of three criminal networks. Each of these networks makes use of specific techniques and, together, they generate most of the fraud attacks worldwide. Understanding how each ‘school’ works will place you in a better position to prevent these attacks, benefiting your bank from both an economic and reputational perspective.