Digital Mugging: What Financial Institutions Need to Know About the Targeting of Cryptowallets
The cybersecurity outlook for financial institutions would seem to be bright. Out of necessity, banks have improved their ability to detect and prevent malware and fraud. There’s also been a consistent decline in Trojans targeting bank transactions and wire transfers. These transfers now have additional regulations and security, and because they’re easier to trace, criminals are not as enthusiastic to attempt this crime.