The image of the bank robber is hopelessly outdated. Today’s heist does not begin with a getaway car outside a branch. It begins quietly, with an adversary establishing persistence inside a financial institution’s network and studying how the organisation responds, says Tom Kellermann, VP of AI Security and Threat Research at Trend AI.
The objective is no longer simply to steal money. Attackers want access to the financial system itself: payment infrastructure, confidential market intelligence, investment strategies, customer identities and the mechanisms used to defend them. TrendAI’s Modern Bank Heists in 2026 research, based on a survey of 48 financial-sector CISOs, reveals the scale of this shift. Eighty-nine per cent reported an increase in AI-enabled attacks, while 55 per cent had experienced a rise in attacks against APIs. Almost half, 46pc, had encountered attempts to steal non-public market information or investment strategies.
Read more…
Source: Trend Micro News
Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox
Related:
- Phishing, ransomware are top cyberattacks on financial services firms
July 1, 2019
Phishing and ransomware attacks are the most reported types of cyberattacks on financial services firms, but in most cases the causes of outages were far more mundane. Financial services firms reported 819 cyber incidents to their watchdog, the Financial Conduct Authority (FCA), last year, a huge rise on the 69 incidents reported the year before. Retail banks were responsible ...
- Island hopping: The latest security threat you should be aware of
July 1, 2019
While island hopping sounds like a great way to spend a holiday in Thailand or Greece, the term also refers to an advanced cyber attack technique. Though it’s not a new phenomenon, this type of attack increased in prevalence in 2018 and will likely become more and more common. The name ‘island hopping’ comes from a WWII ...
- New Dridex Variant Slips By Anti-Virus Detection
June 28, 2019
A never-before-seen Dridex variant has been spotted in phishing emails using anti-virus detection evasion tactics. Researchers have spotted a variant of the Dridex banking trojan with new obfuscation capabilities that help it skirt anti-virus detection. While Dridex has been around since 2011, researchers told Threatpost Friday that they recently spotted phishing emails distributing a never-before-seen variant of the ...
- Newly-Discovered Malware Targets Unpatched MacOS Flaw
June 25, 2019
Researchers have discovered never-before-seen Mac malware samples, which they believe are being developed to target a recently-disclosed vulnerability in the MacOS operating system. The vulnerability, a bypass that was disclosed in May and has yet to be patched by Apple, exists in the MacOS Gatekeeper security feature, which verifies downloaded applications before allowing them to run on Macs. ...
- Riltok mobile Trojan: A banker with global reach
June 25, 2019
Riltok is one of numerous families of mobile banking Trojans with standard (for such malware) functions and distribution methods. Originally intended to target the Russian audience, the banker was later adapted, with minimal modifications, for the European “market.” The bulk of its victims (more than 90%) reside in Russia, with France in second place (4%). ...
- Anonymous hacker exposed after dropping USB drive while throwing Molotov cocktail
June 24, 2019
In a bizarre investigation, Belgium police have identified a member of the Anonymous Belgium hacker collective while investigating an arson case at a local bank. The perpetrator, a 35-year-old man from the Belgian city of Roeselare, was initially arrested after throwing a Molotov cocktail at the Crelan Bank office in Rumbeke, a suburb of Roeselare, back ...