The financial industry must prepare for a “mass fraud campaign” that will target 30 of the United States’ banks by spring 2013, according to a new report.
Less than three months after news surfaced that massive denial-of-service cyber attacks shuttered the websites of some the nation’s most prominent banks, including Bank of America and JPMorgan Chase, a new report from security firm McAfee advises that there is still a “credible threat.”
“Coordinated campaigns targeting financial services organizations are not novel, and have been in play since well before 2010,” Sean Bodmer, chief researcher at cyber attack intelligence firm CounterTack told ClearanceJobs in a statement. “What’s new and most interesting is the mass profit sharing model being trumpeted.”
“It would seem that the criminal underground is maturing at a much faster pace than world governments believe,” he added.