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Phishing Attacks Continue to Rise as Malware Moves from Attachments to URLs -

The sophistication of cyber attacks on financial services continues to evolve, yet instances of long-established tactics like email phishing and malware attacks persist. A July 2018 study conducted by Proofpoint, a Sunnyvale, Calif.-based cybersecurity software company, found that email is the “most frequent source of advanced attacks.”

But the attack vector has shifted slightly. From the study: “Much of 2017 was characterized by massive email campaigns bearing malicious attachments. The largest of these were consistently sent by a single actor known as TA505. In contrast, 2018 campaigns to date have generally been smaller, more diverse in their payloads, and more likely to rely on URLs linking to malicious files than attached documents.” The study also noted a rise in ransomware, even as cryptocurrency valuations continued to decline.

An analysis of attack emails found that banking had the largest share of malware attacks. 42% of malware attacks via email were “banking...(continued)

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