Phishing Attack |
Fraudulent attempts to obtain sensitive information via deceptive emails. |
High |
Individuals and financial institutions |
Employee training, email filters, anti-phishing software |
Increased use of social engineering tactics. |
Ransomware |
Malicious software that encrypts files, demanding payment for decryption. |
Critical |
Banks, investment firms |
Regular backups, incident response plan, employee training |
Ransomware-as-a-Service models emerging. |
Data Breach |
Unauthorized access to confidential financial data. |
High |
Financial institutions, customers |
Data encryption, access controls, regular security audits |
Growing incidents due to weak passwords. |
Insider Threats |
Malicious or negligent actions taken by employees or contractors. |
High |
Financial institutions |
Monitoring insider activities, access restrictions, exit interviews |
Increased due to remote work policies. |
Man-in-the-Middle Attack |
Interception and alteration of communication between two parties. |
High |
Online banking users |
Use of HTTPS, VPNs, public key infrastructure (PKI) |
Targeting unencrypted networks. |
Distributed Denial of Service (DDoS) |
Overwhelming a server with traffic to render it inoperable. |
Moderate to High |
Banking and financial services websites |
Traffic filtering, redundancy, rate limiting |
Use of botnets for attacks. |
Card Skimming |
Devices placed on ATMs or point-of-sale terminals to capture card details. |
High |
Consumers using ATMs and point-of-sale terminals |
Regular device inspections, anti-skimming technology |
Increasing sophistication of skimming devices. |
Social Engineering |
Psychological manipulation to trick users into divulging confidential info. |
High |
Individuals, employees | Business Partners |
Awareness training, verification processes |
Rising use in targeted attacks. |
Malware |
Various software designed to disrupt, damage, or gain unauthorized access. |
High |
All financial entities |
Antivirus software, network firewalls, employee education |
Emergence of polymorphic malware. |
Spyware |
Software that secretly monitors user activity and collects information. |
Moderate to High |
Consumers and financial institutions |
Regular device scans, software updates, user education |
Use of spyware in phishing attacks. |
Cryptojacking |
Unauthorized use of someone else's computer to mine cryptocurrency. |
Moderate |
Cloud services, financial servers |
Malware detection, system monitoring, regular audits |
Increased theft for cryptocurrency mining. |
Online Account Hijacking |
Unauthorized access to online accounts to commit fraud. |
High |
Individuals and businesses |
Two-factor authentication, strong password policies |
Increased through credential stuffing attacks. |
Supply Chain Attacks |
Compromising a service provider's or partner's software to gain access. |
High |
Financial institutions, software providers |
Vendor risk assessment, audits, incident response plans |
Increased incidents targeting software updates. |
Zero-Day Exploits |
Attacks based on vulnerabilities that are unknown to the vendor. |
High |
Software vendors, financial applications |
Immediate patching processes, threat intelligence services |
Emerging as a primary attack vector. |
ATM Fraud |
Exploiting machines to dispense cash fraudulently or siphon off card info. |
High |
Consumers using ATMs |
Use of security logs, real-time monitoring of ATM activity |
Emerging techniques to tamper with machines. |
Website Spoofing |
Creating fraudulent websites to mimic genuine financial institutions. |
High |
Online banking users |
User education, domain verification, secure browsing |
Increased use of lookalike domains. |
Mobile Banking Fraud |
Unauthorized access to mobile banking applications. |
High |
Mobile users |
App security features, regular updates, user awareness |
Exponential growth with mobile banking usage. |
Unpatched Systems |
Exploiting known vulnerabilities in software that has not been updated. |
High |
All financial sectors |
Regular software updates, vulnerability management |
Continuous rise of cyber attacks on outdated systems. |
Fake Online Reviews |
Fraudulent reviews to influence user decisions in financial services. |
Moderate to High |
Consumers and investors |
Review verification systems, user education |
Many platforms revised guidelines to combat this. |
Credential Stuffing |
Using stolen credentials to gain unauthorized access to accounts. |
High |
Online banking systems |
Account lockout policies, captcha systems |
Increasing as data breaches proliferate. |
Cryptocurrency Exchange Hacking |
Attacks to steal cryptocurrency from exchanges. |
Critical |
Cryptocurrency platforms, investors |
Cold wallet storage, security audits, user verification |
Frequent trend with the rise of digital currencies. |
Tax Fraud Scams |
Fraudulent schemes targeting tax information for financial gain. |
High |
Individuals and businesses |
Tax education, secure disposal of documents, vigilant monitoring |
Increases around tax season. |
Investment Scams |
Fraudulent schemes to lure investors to put money into non-existent funds. |
High |
Investors, financial institutions |
Investor education, due diligence protocols |
Rise of social media-based schemes. |
SIM Swapping |
Manipulating telecom providers to take control of a victim's phone number. |
High |
Mobile banking users |
Carrier account security measures, monitoring of phone activity |
Increasingly popular method for account takeover. |
Business Email Compromise (BEC) |
Email spoofing to trick businesses into transferring money. |
High |
Businesses, financial departments |
Email verification protocols, employee training |
Rising incidents among small to medium enterprises. |
Fake Charities |
Fraudulent organizations calling for donations related to disasters or events. |
Moderate to High |
Well-meaning individuals |
Charity verification, due diligence on donation requests |
Surges during major crises and disasters. |
Website Defacement |
Unauthorized alteration of a website's appearance to harm reputation. |
Moderate |
Financial institutions |
Web application firewalls, continuous security monitoring |
Higher frequency after significant events or news. |
Identity Theft |
Stealing personal information to impersonate someone else for financial gain. |
Critical |
Individuals and entities |
Identity monitoring services, secure document disposal |
Rapidly growing due to ease of information access online. |
Non-compliance Penalties |
Legal penalties incurred due to failure to meet cybersecurity regulations. |
Varied |
Financial institutions |
Regular compliance audits, training on regulations |
Increasing emphasis on compliance due to regulatory pressure. |
Account Takeover |
Unauthorized access and control of a user's financial accounts. |
High |
Consumers online |
Multi-factor authentication, real-time transaction alerts |
Growing trend with increase in digital banking. |
Credit Card Fraud |
Unauthorized use of credit card information to make transactions. |
High |
Consumers, retailers |
Chip technology, transaction monitoring, user education |
Shift towards digital wallets with evolving fraud strategies. |
Cyber Espionage |
Stealing sensitive information from financial companies for competitive advantage. |
High |
Large financial institutions |
Network segmentation, employee background checks |
On the rise among major corporations. |
Fake Job Scams |
Fraudulent job postings designed to collect personal information. |
Moderate to High |
Job seekers |
Job application design review, secure data handling protocols |
Increasing occurrence on popular job boards. |
Impersonation Scams |
Scammers impersonate known contacts to solicit funds or information. |
High |
Businesses and individuals |
Verification protocols for requests, awareness training |
Prevalence during economic uncertainty. |
Exploiting Payment Platforms |
Attacking vulnerabilities within payment processing platforms. |
High |
E-commerce, banks |
Regular vulnerability assessments, security patches |
Growing due to reliance on digital payments. |
Loan Scams |
Fraudulent offers seeking upfront fees in exchange for loans. |
High |
Individuals seeking loans |
Verification of lenders, increased scrutiny before applying |
Common among vulnerable populations. |
Fake Invoices |
Sending fraudulent invoices to trick businesses into making payments. |
Moderate to High |
Businesses |
Invoice verification processes, communication protocols |
Prevalence in B2B transactions. |
Remote Access Trojans (RATs) |
Malware that enables unauthorized remote access to a device/system. |
High |
All financial sectors |
Endpoint security, employee training, intrusion detection systems |
Increasing sophistication in evading detection. |
Platform Vulnerabilities |
Weaknesses in financial software platforms that can be exploited. |
High |
Software developers, financial institutions |
Regular code audits, threat modeling, user feedback |
Emerging focus on DevSecOps practices. |
Legacy Systems Exploitation |
Targeting older systems that may lack current security measures. |
High |
Financial institutions |
System upgrades, transitioning to modern platforms |
Increased incidents exploiting outdated technology. |
Third-party Vendor Risks |
Risks associated with relying on vendors who may not have robust security. |
High |
Financial institutions |
Due diligence, security assessments of vendors |
Greater emphasis on managing vendor relationships. |
Public Wi-Fi Risks |
Using unsecured public networks can expose sensitive communications. |
High |
Mobile users, business travelers |
Use of VPNs, avoiding sensitive transactions in public spaces |
Increase in mobile banking leading to more risks. |
Regulatory Attack |
Targeting financial institutions with attacks designed to disrupt services and incite regulatory scrutiny. |
High |
Regulated financial entities |
Robust compliance programs, incident response |
Emerging trend due to heightened regulatory scrutiny. |
Cybercrime as a Service (CaaS) |
Cybercriminals offering services to other criminals for a fee. |
High |
Various targets |
Awareness and training on emerging threats |
Growth among new health data breaches. |
Spear Phishing |
Targeted phishing attacks focused on specific individuals or organizations. |
High |
High-value targets, executives |
Customized training, email scanning tools |
Increased targeting of executives due to access. |
High-Volume Transaction Fraud |
Rapidly generated transactions to exploit systems or create confusion. |
Moderate to High |
Financial institutions |
Real-time transaction monitoring, AI systems |
Growing trend with automated bots for fraudulent transactions. |
Financial Malware |
Specifically designed malware to target financial transactions. |
High |
Consumers and banking apps |
Application security testing, regular updates |
Emerging focus on mobile applications. |
Data Theft via Social Media |
Gathering personal information to aid in perpetrating scams. |
Moderate to High |
Individuals, businesses |
Social media privacy settings review, user education |
Increasing prevalence as social media use grows. |
Distributed Ledger Attacks |
Exploiting vulnerabilities in blockchain for financial gain. |
High |
Cryptocurrency platforms |
Regular audits, network monitoring |
Emerging threat as industries adopt blockchain technology. |
Investment Phishing |
Fake investment opportunities to steal credentials or funds. |
High |
Investors |
Educational campaigns, due diligence in opportunities |
Increased targeting during market volatility. |
ATM Jackpotting |
Tampering with ATMs to dispense cash otherwise inaccessible. |
Critical |
Financial institutions, ATM users |
Physical security of ATMs, surveillance |
Growth due to rise in cashless transactions. |
SIM Cloning |
Illegal duplication of SIM cards to intercept communications. |
High |
Mobile banking users |
Carrier security measures, alert systems |
Increased occurrences with mobile banking services. |
Public Ledger Tampering |
Manipulating transactions on public ledgers to create fraudulent records. |
High |
Cryptocurrency exchanges |
Audit trails, validation mechanisms |
Emerging issues with insecure smart contracts. |
Spoofing Attacks |
Impersonating legitimate services to obtain sensitive data or funds. |
High |
Anyone using online services |
User education, verification processes |
Increased visibility of spoofed domains. |
Trojans |
Malicious software disguised as legitimate software. |
High |
End users |
Regular scans, employee awareness training |
Sophisticated disguises in legitimate applications. |
API Security Vulnerabilities |
Weaknesses in APIs that expose sensitive data. |
High |
Financial applications |
API security best practices, regular testing |
Rising importance as the financial industry evolves. |
Spy Networks |
Building a network of remote agents to gather insider information. |
High |
Financial institutions |
Monitoring employee activities, background checks |
Increased due to global competitiveness. |
Deep Fakes |
Using advanced AI to create realistic fake videos or audio to impersonate individuals. |
High |
High-value targets, executives |
Verification of communications, digital signature authentication |
Emerging threat to corporate security. |
Business Scams via Social Media |
Using social media to perpetrate scams against businesses. |
Moderate to High |
Small and medium businesses |
Social media monitoring, verify business inquiries |
Growing with increased social media usage. |
Network Intrusions |
Unauthorized access and manipulation of network data. |
High |
Businesses, financial institutions |
Advanced firewalls, intrusion detection systems |
Increasing sophistication of attackers. |
Data Privacy Breaches |
Unauthorized access and disclosure of data violating privacy laws. |
High |
Financial institutions |
Compliance training, data protection policies |
Rising regulatory pressures. |
Credential Harvesting |
Stealing user credentials from compromised sites or emails. |
High |
Consumers, businesses |
Password managers, phishing detection systems |
Growth in automated credential harvesting tools. |
Email Spoofing |
Emails fabricated to appear from legitimate sources to harvest information. |
High |
Businesses, individuals |
Email authentication protocols, education |
Widespread and commonly exploited tactic. |
Session Hijacking |
Exploiting a web session control mechanism to steal credentials. |
High |
Online banking users |
Secure session handling, HTTPS usage |
Increased attention to session security. |
Misconfigured Cloud Storage |
Improperly secured cloud storage leading to data exposure. |
High |
Businesses using cloud services |
Regular audits, access controls |
Increased focus as businesses migrate to the cloud. |
Non-compliance Exploitation |
Cybercriminals leveraging a company's regulatory non-compliance for attacks. |
Moderate to High |
Financial institutions |
Compliance audits, employee training |
Emerging as a higher risk for industries under scrutiny. |
Browser Vulnerabilities |
Exploiting weaknesses in web browsers for unauthorized actions. |
High |
Anyone using the internet for finance |
Browser security updates, awareness of phishing |
New exploits targeting popular web browsers. |
Token Theft |
Stealing authentication tokens to bypass verification steps. |
High |
Online services and more |
Two-factor authentication, regular token rotation |
Emerging strategy for bypassing security. |
Financial Statement Fraud |
Manipulating financial records to mislead or deceive stakeholders. |
High |
Businesses |
Internal audits, compliance reviews |
Increases during economic downturns. |
Cloud Misconfiguration |
Errors in cloud service settings leading to data leaks. |
High |
Businesses using cloud services |
Regular monitoring, use of compliance frameworks |
Frequent occurrence as cloud adoption rises. |
Payment Card Data Theft |
Stealing credit card data through various methods. |
Critical |
Consumers and retailers |
End-to-end encryption, PCI DSS compliance |
Highly concerning as digital transactions increase. |
False Investment Recommendations |
Providing misleading financial advice for personal gain. |
Moderate to High |
Investors |
Regulatory oversight, compliance training |
Surge in social media dissemination of false information. |
Encryption Backdoors |
Exploit vulnerabilities in encryption protocols to gain access. |
High |
Cybersecurity-focused institutions |
Strict security testing for encryption methods |
Emergence of debates over encryption policies. |
Automated Trading Exploits |
Manipulating algorithmic trading systems for profit. |
High |
Financial firms |
Regular security assessments of trading algorithms |
Rising sophistication and frequency of algorithmic attacks. |
Non-traditional Payment Scams |
Fraudulent schemes involving newly developed payment methods. |
Moderate to High |
E-commerce platforms, consumers |
Awareness campaigns, verification of payment methods |
Increased susceptibility for untrained users. |
Domain Spoofing |
Creating fake domains to deceive users into providing information. |
High |
Businesses, individuals |
Domain monitoring services, user education |
Frequent occurrence as registration costs are low. |
Cloud Data Leakage |
Accidental exposure of confidential data hosted in the cloud. |
High |
Businesses using cloud services |
Data classification, access controls |
Common among enterprises using public cloud. |
ATM Phishing |
Installing deceptive overlays on ATMs to collect card data. |
High |
Consumers using ATMs |
User education, monitoring suspicious activity |
Growing concerns over public skimming attempts. |
Governance Risks |
Risks tied to insufficient corporate governance leading to vulnerabilities. |
Moderate to High |
Financial institutions |
Robust governance frameworks, compliance measures |
Increasing scrutiny of board-level cybersecurity oversight. |
Unsecured APIs |
APIs that expose sensitive data or functions without adequate protection. |
High |
Application developers and companies |
Security protocols, code reviews |
Emerging focus as application ecosystems grow. |
Inter-bank Transfer Fraud |
Scammers impersonate clients to authorize fraudulent transactions. |
High |
Banks, clients |
Verification processes, transaction alerts |
Rising in targeted attacks against financial institutions. |
Local Network Vulnerabilities |
Weaknesses in office or local networks can lead to data breaches. |
High |
Businesses |
Network segmentation, use of VPNs |
Increased targeting during remote work scenarios. |
Public Disclosure of Financial Information |
Intentionally leaking sensitive financial data to harm organizations. |
High |
Publicly traded companies, financial services |
Data handling protocols, encryption |
Emerging tactic during competitive battles. |
Misuse of Consumer Information |
Exploiting personal information for malicious purposes. |
High |
Consumers, financial institutions |
Privacy policies, user consent verification |
Increased oversight of data handling practices. |
Advanced Persistent Threats (APTs) |
Long-term targeted cyberattacks aimed at gaining sensitive data. |
Critical |
Large organizations |
Continuous threat monitoring, incident response plans |
Growing trend against high-value targets. |
Cryptocurrency Theft |
Unauthorized access to cryptocurrency wallets to steal assets. |
Critical |
Investors in cryptocurrency |
Cold storage, multifactor authentication |
Increasing targeting of crypto investors. |
Risky Financial Practices |
Fraudulent financial practices that pose threats to consumers. |
High |
Consumers |
Educating consumers on financial products |
Common as financial products grow more complex. |
Inadequate Data Security Protocols |
Failing to adopt proper data security measures. |
High |
Businesses |
Data protection compliance, regular audits |
Risks increase with digital transformation. |
False Online Promotions |
Fraudulent promotions designed to harvest personal data. |
High |
Consumers |
Awareness of promotional tactics, verification |
Rising with e-commerce marketing strategies. |
Vishing |
Voice phishing via phone calls to acquire sensitive information. |
High |
Individuals and businesses |
Caller ID verification, user education |
Increased reliance on voice communications leads to vulnerability. |
Spear Phishing via Social Media |
Targeted phishing through social media channels. |
High |
Social media users |
Education on recognizing threats, security settings |
Common as social media grows in use. |
Fake Financial Products |
Offering fake products/securities to trick consumers/investors. |
High |
Investors, consumers |
Educating on legitimate offerings, escrow accounts |
Emerging in digital marketplaces. |
Fiat Currency Manipulation |
Manipulating currency values through cyber means. |
Critical |
Finance-related sectors |
Market surveillance, regulatory measures |
Emerging concerns amidst economic uncertainties. |
High-Volume Payment Fraud |
Using bots to perform massive fraudulent transactions. |
High |
Online platforms |
Automated fraud detection systems, transaction limits |
Increasing as transaction volume rises. |
Geolocation Spoofing |
Misleading user-based protections by faking geographic locations to trick systems. |
High |
Consumers using geo-restricted services |
Geo-detection measures, transaction alerts |
Emerging as a more common tactic. |
Failure to Implement MFA |
Not using Multi-Factor Authentication increases vulnerabilities. |
High |
All organizations |
Implement MFA across platforms |
Common gap as cyber threats increase. |
Identity Fraud in Lending |
Using stolen identities to apply for loans or credit. |
High |
Lenders, financial institutions |
Identity verification processes, monitoring app usage |
Growing as personal information becomes more accessible. |
Telecommunication Attacks |
Exploiting telecom-related vulnerabilities for scams. |
High |
Individuals and businesses |
Carrier collaboration, awareness of telecom risks |
Increasing frequency of such attacks. |
Mobile App Vulnerabilities |
Weaknesses in mobile applications that handle financial data. |
High |
Users of financial apps |
Regular security testing, use of secure coding practices |
A common terrain for cyber attackers. |
False Approval Scams |
Scammers impersonate loan representatives to extract fees. |
High |
Individuals seeking loans |
Loan verification protocols, prompt red flags |
Surge during economic downturns. |
Electronic Fund Transfer Fraud |
Fraudulent transactions using electronic methods to steal funds. |
High |
Businesses, consumers |
Transaction monitoring, fraud recovery plans |
Emerging as a significant threat. |
Inadequate Incident Response Plans |
Failure in addressing and responding adequately to incidents. |
High |
Financial institutions |
Implement and drill comprehensive incident response plans |
Common failure in financial institutions. |
Cyber Attacks on Payment Processors |
Direct attacks targeting payment processing capabilities. |
Critical |
Merchants, consumers |
Increased transaction monitoring, compliance audits |
Rising scrutiny on payment processing security. |
Spyware on Mobile Devices |
Using spyware to collect financial data from mobile devices. |
High |
Mobile users |
Mobile security measures, regular scanning |
Increasing prevalence with mobile banking. |
Botnet Attacks |
Using networks of compromised devices to target financial institutions. |
Critical |
Banks, payment systems |
Traffic analysis, real-time monitoring |
Emerging tactic leveraging IoT devices. |
Financial Social Engineering |
Manipulating individuals to give up financial information through deceit. |
High |
Individuals, financial institutions |
Rigorous employee training, cybersecurity drills |
Increasingly sophisticated methods. |
Phishing via SMS (Smishing) |
Sending fraudulent SMS messages to steal credentials or funds. |
High |
Consumers with mobile devices |
User awareness training on smishing alerts |
Increasing as mobile usage surges. |
Third-Party Breaches |
Compromising security through third-party vendors. |
High |
Businesses reliant on services |
Vulnerability assessments, compliance audits |
Emerging focus on vendor management. |
Financial Account Phishing |
Targeting specific accounts to gather sensitive information. |
High |
Bank customers, investors |
Account monitoring, password hygiene |
Rising with increased online transactions. |
Business Model Exploitation |
Taking advantage of weaknesses in specific business models to commit fraud. |
High |
Businesses |
Regular model assessments, fraud detection systems |
Common with emerging business trends. |
Social Media Data Exploitation |
Collecting personal data from social media for fraudulent activities. |
Moderate to High |
Individuals, businesses |
Monitoring social media reach and privacy settings |
Prevalence in scams relying on social engineering. |
Credential Leak Exploitation |
Using leaked credentials to gain unauthorized access. |
High |
Individuals, businesses |
Monitoring for compromised accounts, user alerts |
High prevalence due to breaches. |
Abusive Regulatory Practices |
Manipulating regulations for personal or business gain. |
Moderate to High |
Businesses, governments |
Continuous compliance monitoring, ethical training |
Emerging alongside complex regulation landscapes. |
Inadequate Employee Training |
Lack of cybersecurity training leads to increased vulnerabilities. |
High |
Organizations |
Implement effective training programs, ongoing education |
Frequent point of failure in security. |
User Behavior Exploitation |
Exploiting the predictable behaviors of users to gain access. |
High |
Online users |
Behavioral analytics, monitoring unusual activities |
Increasing use of behavioral manipulation techniques. |
Misleading Financial Forecasting |
Providing false predictions or reports to manipulate market perceptions. |
High |
Investors |
Verification processes, regulatory oversight |
Emerging concern among regulators. |
Payment Reversal Scams |
Fraudulent schemes to reverse legitimate transactions to unfairly gain funds. |
High |
E-commerce |
Real-time transaction alerts, customer verification |
Emerging risks as e-commerce grows. |
API Abuse |
Exploiting APIs to gain unauthorized access or perform unwanted actions. |
High |
Software applications |
Rate limiting, API governance practices |
A common vulnerability in modern applications. |
Mobile Payment Scams |
Using mobile devices to perpetrate fraud surrounding payments. |
High |
Mobile users |
Verification for mobile transactions, user education |
Prevalence alongside growing mobile payment facilities. |
Data Migration Vulnerabilities |
Risks arising during the migration of data between systems. |
Moderate to High |
Businesses |
Thorough migration testing, secure protocols |
Increases as organizations digitize records. |
Underinsurance Against Cyber Threats |
Not having adequate insurance against potential cyber threats. |
High |
Businesses |
Risk assessments, comprehensive cyber insurance |
Emerging concern as costs of breaches rise. |
Automated Fraud via AI |
Using AI systems to commit fraud at scale. |
High |
Financial entities |
Vigilant monitoring, AI in security practices |
Increasing as technology advances. |
Denial of Inventory Fraud |
Using DDoS attacks to create confusion in inventory management processes. |
High |
Retailers, e-commerce |
Redundant systems, inventory management practices |
Emerging risk in e-commerce sectors. |
Malicious Chrome Extensions |
Extensions that harvest user data or inject scripts for fraud. |
High |
Browser users |
Review and vet installed extensions, user awareness |
Increasing visibility and frequency. |
Digital Identity Manipulation |
Creating or manipulating digital identities for fraud. |
High |
Financial transactions |
Identity verification processes, secure platforms |
Rising with digital identity growth. |
High-Volume Analysis Exploitation |
Using analysis of high-volume transactions to identify weaknesses. |
High |
Forex and trading platforms |
Internal audits, transaction monitoring |
Emerging risks in financial platforms. |
Failure to Protect Intellectual Property |
Inadequate protections for proprietary financial data. |
High |
Financial firms |
Legal protections, NDA agreements |
Growing focus on securing proprietary information. |
Digital Payment Fraud |
Fraudulent activities involving digital payment methods. |
High |
Consumers and businesses |
Continuous monitoring, effective fraud alerts |
Highly prevalent due to ease of digital transactions. |
Legacy Software Exploitation |
Targeting outdated software systems lacking security updates. |
High |
Financial institutions |
Regular updates, replacement strategies |
Emerging concern as many systems remain outdated. |
Phishing Kits Selling |
Cybercriminals selling phishing kits to other criminals. |
High |
All sectors |
User education, phishing detection tools |
Increasing availability on the dark web. |
Reverse Social Engineering |
Making victims turn to the attacker for help, only to be exploited. |
High |
Individuals, small businesses |
User awareness training, verification of assistance |
Emerging trend in social engineering tactics. |
Empty Account Scams |
Scamming individuals by offering fake accounts or financial opportunities. |
High |
Consumers |
Verification of offers, education on scams |
Prevalence in online finance platforms. |
Online Market Scam |
Scams targeting online marketplaces to collect fees or personal data. |
High |
Consumers |
Awareness campaigns, monitoring listings |
Rapid growth in online commerce leading to more risks. |
Client Impersonation Scams |
Pretending to be a client to bypass security checks. |
High |
Financial institutions |
Strict identity verification procedures, alerts |
Common during financial transactions. |
Regulatory Non-compliance Exploitation |
Taking advantage of non-compliance for financial fraud. |
High |
Businesses |
Compliance checks and audits |
Emerging as regulatory demands increase. |
Quizzes and Surveys for Data Theft |
Using quizzes or surveys to gather personal data under the guise of curiosity. |
High |
Individuals, consumers |
Awareness of data collection methods, privacy settings |
Increasing trend in social media interactions. |
Direct Access Hack |
Breach that allows attackers to have direct access to sensitive systems. |
Critical |
Corporations, banks |
Network security protocols, immediate patches |
Emerging as a concern among financial institutions. |
Overpayment Scams |
Misleading individuals or businesses to issue payments for nonexistent services. |
High |
Businesses |
Verification of payment requests, awareness training |
Common during economic downturns. |
Payment Service Provider Vulnerabilities |
Security holes in payment service providers that can be exploited. |
High |
E-commerce, financial services |
Third-party risk management, compliance checks |
Increasing scrutiny on service providers. |
Investment Platform Phishing |
Targeted attacks against users of investment platforms. |
High |
Investors |
User education, verification of communication |
Emerging due to growth in online investing. |
Diligence Failure Scams |
Bypassing due diligence steps to commit fraud. |
High |
Businesses, investors |
Education on diligence processes, background checks |
Emerging concern in investment sectors. |
Network Segmentation Risks |
Files that signal inadequate segmentation increase vulnerability. |
High |
Businesses |
Thorough segmentation practices and audits |
Rising scrutiny on network security practices. |
Fraudulent Trading Platforms |
Fake platforms for trading that steal clients' investments. |
High |
Investors |
Monitoring for fraudulent platforms, user validation |
Increased proliferation of scam trading sites. |
Email Account Takeover |
Gaining access to an email account to initiate fraud. |
High |
All users |
Two-factor authentication, account monitoring |
Increased risk due to lifecycle of email accounts. |
Website Content Alteration |
Modifying website content to mislead visitors or gather data. |
Moderate to High |
Businesses |
Continuous website monitoring, security reviews |
Emerging concern with increasing web vulnerabilities. |
Mobile Wallet Vulnerabilities |
Exploiting weaknesses in mobile wallet applications. |
High |
Consumers |
Regular security patches, user education |
Growing usage of mobile wallets risk against security. |
Remote Work Risks |
Increased vulnerabilities due to a shift to remote operations. |
High |
Businesses |
Remote work security policies, regular training |
Increased focus post-pandemic. |
Fake Holiday Promotions |
Fraudulent promotions around holidays to steal data. |
High |
Consumers online |
Verification of promotions, security alerts |
Increasing occurrences during holiday seasons. |