These are the key predictions from Kaspersky on the expected development of the threat landscape in the financial sector.
Financial cyberthreats are considered to be some of the most dangerous ones, as the impact they bring usually results in direct financial losses for victims. 2019 has seen some significant developments in the industry and also in how financial attackers operate. These events allowed Kaspersky researchers to suggest several important potential developments for the financial threat landscape for 2020. Here are the key ones:
“This year has been one of many important developments. Just as we predicted at the end of 2018, it has seen the emergence of new cybercriminal groups, like CopyPaste, new geography of attacks by Silence group, cybercriminals shifting their focus onto data that helps to bypass antifraud systems in their attacks. Behavioural and biometrics data is on sale on the underground market. Additionally, we expected JS-skimmer base attacks to increase and they did. With 2020 on the horizon,we recommend security teams in potentially affected areas of the finance industry to gear up for new challenges. There is nothing inevitable in potential upcoming threats, it is just important to be properly prepared for them” says Yuriy Namestnikov, a security researcher at Kaspersky.
In addition to financial sector, Kaspersky researchers identified other industries that will face new security related challenges in the upcoming year:
The full list of Kaspersky Vertical Threat Predictions for 2020 is available on Securelist.com
This list of predictions is a part of the Kaspersky Security Bulletin (KSB) - annual series predictions and analytical articles on key changes in the world of cybersecurity. Follow this link to look at other KSB pieces.
To look back at what the Kaspersky experts expected to see in 2019, please read.