Security Threats are Becoming More Common in the Financial Sector

Cisco Canada Blog

Because they are facing cyber attacks planned by professionals, financial institutions must take extreme measures. 

As guardians of the assets of individuals and companies, the financial industry has always been a choice target for hackers. The year 2014 will be no exception to the rule; the security threats in this sector are more common than ever, according to experts.

In the past few years, the greatest danger to financial institutions has been the distributed denial of service (DDoS), but cyber criminals are now developing new weapons. Not only is the frequency of the attacks increasing, but so is their level of development. Also, the danger is probably greater than what is said or predicted, since many organizations are reticent to publicly discuss the incidents they have experienced.  

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