Cyber criminals set their sights on investment firms

More financial institutions than ever are falling victim to online hacks and phishing attacks. Craig Sanders, strategic business manager at MWR InfoSecurity, looks at how larger investment firms can protect their data from falling into the wrong hands.

It should come as no surprise that financial institutions are in the crosshairs of cyber criminals. While the huge sums of money held by such businesses have always been a magnet for bank robbers, fraudsters and con-men, the digital age has ushered in the prospect of criminals crippling an organisation and its customers with the distant flurry of keyboard strokes. High-profile breaches of banks in recent years has made the industry sit up and take note, with cyber-attacks now regarded as the "new normal", according to executives surveyed by the 2016/17 Kroll Annual Global Fraud and Ri...