Many businesses rely on web applications to run their operations, with Google Suite being one of the most popular. Employees can easily share files and collaborate with the help of these applications
Fremont, CA: As a financial institution, one's company has access to a wealth of valuable information pertaining to both customer and sensitive data. As a result, one can become a target for opportunistic cybercriminals. These cybercriminals can infiltrate one's network and its devices using various cyberattacks. The following are some of the most common types of attacks against financial services firms.
Bots: Bots are basically automated programs that are used to complete tasks online. Bots are used frequently by many businesses in the financial sector. They are frequently used to improve customer service. There are, nevertheless, good bots and bad bots. A malicious bot can be programmed to attack one's institution directly or indirectly, for example, by spamming email or brute-forcing passwords.
Ransomware: Ransomware is a type of malware that, once infected, can encrypt one's files or even one's entire operating system (OS). This effectively prevents one from accessing critical documents or one's device itself. The term "ransomware" refers to the fact that the criminal behind the attack frequently refuses to decrypt one's system until a ransom is paid. This has become one of the most widely publicized types of attacks on financial institutions.
Web Application Attacks: Many businesses rely on web applications to run their operations, with Google Suite being one of the most popular. Employees can easily share files and collaborate with the help of these applications. These services, nevertheless, are vulnerable to attack due to their ease of use and reliance on user input. These types of attacks can lead to invalidated redirects or links that trick users into clicking.
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