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International

Cybercriminals to continue targeting banks: Report

February 12, 2016 Reprints

A report by U.S.-based security firm ThreatMetrix Inc. has found that banks will continue to be a target for cybercrime in 2016, reported ZDNet.

Cybercrime against banks increased 40% over the last 12 months, said the report. There were 45 million bot attacks against banks in the last quarter of 2015. The report warned that a successful bot attack could paralyze a major bank for days and cause financial loss worth billions.

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Cybercriminals to continue targeting banks: Report

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