The Mutation of Threats Against Corporate Online Banking Customers

April 16, 2010 06:03 AM Eastern Daylight Time  

Research and Markets: The Mutation of Threats against Corporate Online Banking Customers

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/f86405/the_mutation_of_th) has announced the addition of the "The Mutation of Threats against Corporate Online Banking Customers" report to their offering.

“The Mutation of Threats against Corporate Online Banking Customers”

The number of attacks targeting companies has increased over several years to reach an unprecedented level in 2009. Modus operandi have evolved: payment systems for professionals are more and more targeted and associated prejudices reach hundreds of thousands of Euros.

This report shall examine the specific risks impacting business banking clientele - risks that often have direct or indirect repercussions on the banking institution as well.

Indeed, over the past two years, cybercrooks have substantially innovated in terms of business fraud, combining traditional scams with increasingly numerous technical means (particularly with the help of targeted Trojans). Todays targeted scams are a subtle weaving of social engineering and technical intrusion, with the aim of confiscating company trade secrets or, more often than not, draining company bank accounts. The latest developments concerning payment systems (the ACH Network, the SEPA area) have also created significant windows of opportunity for hackers.

In this report, we shall also take another look at the stock spam phenomenon that seems to have lost steam over the past few years. Nonetheless, certain evidence leads us to believe that this type of spam could develop in the near future into considerably more cunning and highly targeted forms.

Our recommendation to banks is to adapt business banking management to the level of risk that this clientele represents: first, by providing special training to staff dealing with business clientele, and second, by tuning authentication methods and fraud detection systems to the level of banking transactions carried out by businesses.

Key Topics Covered:

1. Distinctions from individual customers

2. Means of payment theft

3. New forms of fraud

4. Other specific risk

5. Recommendations

For more information visit http://www.researchandmarkets.com/research/f86405/the_mutation_of_th

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Research and Markets

Laura Wood, Senior Manager,

press@researchandmarkets.com

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

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