Cybercrime , Fraud Management & Cybercrime

Evolving Cyberattacks Against Banks

Brian Hussey of Trustwave on How This Financial Fraud Works, and How to Mitigate the Threat
Brian Hussey, vice president, cyber threat detection and response, Trustwave

A new kind of cyberattack that targeted financial institutions in Europe and Russia to steal nearly $100 million illustrates how threats are evolving, says Brian Hussey of Trustwave.

See Also: Ransomware Demystified: What Security Analysts Need to Know

In a video interview at Information Security Media Group's recent Chicago Fraud and Breach Prevention Summit, Hussey discusses:

  • How this form of financial fraud works;
  • Why the approach was successful and persists;
  • What mitigation steps could help thwart this threat.

Hussey is vice president of cyber threat detection and response at Trustwave.

About the Author

Nick Holland

Nick Holland

Former Director, Banking and Payments

Holland focused on the intersection of digital banking, payments and security technologies. He has spoken at a variety of conferences and events, including Mobile World Congress, Money2020, Next Bank and SXSW, and has been quoted by The Wall Street Journal, CNN Money, MSNBC, NPR, Forbes, Fortune, BusinessWeek, Time Magazine, The Economist and the Financial Times.

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