The banking industry has traditionally been a favourite target for cybercrime because of the potential rewards on offer if an attack proves successful. The forms these attacks come in are abundant and diverse, including viruses and worms, spam emails, trojans, distributed denial of service (DDoS), scareware, zero-day attacks, phishing and malware.
As cybercriminals become more innovative, banks are being forced to spend substantial time and money on countermeasures, since they know any damage criminals do could potentially be both extensive and permanent. Indeed, as banks increasingly embrace digital, it is crucial that both market infrastructures and client transactions are afforded the highest level of protection possible.
