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NormaShield reports 14% increase in phishing at top banks.

BANKING AND CREDIT NEWS-August 20, 2019-NormaShield reports 14% increase in phishing at top banks


NormShield, a provider of standards-based external cyber risk assessment and mitigation recommendations, has announced its research has found cyber criminals continue to use phishing to lure bank customers and steal personal and financial information, the company said.

An investigation of the 50 largest global banks found that more than 1900 potential phishing domains were registered in the first half of 2019. Designed to trick consumers into thinking they are doing business with a bank they already trust, hackers create websites that impersonate financial institutions and then steal sensitive information. Nearly one-third of all data breaches involve phishing, according to the 2019 Verizon DBIR Report.

NormShield found that potential phishing domains increased by 14% in the first half of 2019 vs. the same time period in 2018. NormShield warns that more than 3,500 new phishing domains will be active by year's end.

NormShield enables enterprises to assess, prioritize and address the third-party cyber risk of any company, anywhere within 60 seconds.

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Publication:M2 Banking & Credit News (BCN)
Date:Aug 20, 2019
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