Cybercriminals are stepping up their attacks on financial institutions by gaining control of customer devices with highly advanced man-in-the-browser (MitB) malware and spear phishing attacks. They then conduct real-time credential theft and take over accounts. The main reason for cybercriminals' continued success is that highly evasive advanced financial malware allows for a wide variety of attacks that are very difficult to detect with traditional fraud prevention technologies.
This whitepaper will provide an overview of:
- How real-time intelligence is necessary to conclusively detect and prevent attacks;
- The importance of adapting to changes in fraud attacks without significant bank involvement or end user disruptions;
- The benefits of a transparent system that does not burden customers with complex authentication protocols or long delays.