PODCAST: Heather K. Wyson of BITS Discusses Financial Accounts Takeovers By Cyber Criminals

Written on November 7, 2010 – 12:50 pm | by Jasmine Haller

Unfortunately, Cyber criminals are getting smarter and more sophisticated in their strategies and tactics. An emerging threat to the financial sector is account takeover, where the cyber criminals obtain access to financial accounts by targeting employees – often senior executives or accounting and HR personnel – and cause the targeted individual to spread malicious software (or “malware”) which in turn steals their personal information and log-in credentials.

Following is an exclusive podcast with Heather Wyson, Vice President of BITS, a division of the Financial Services Roundtable. She will discuss this emerging threat and what BITS is doing to advise financial institutions on what they can do to protect themselves.

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