Cyber attacks increasingly target interbank payment platforms

Cyber attackers are more frequently and more effectively targeting core banking systems, including payment messaging and transaction authorizations, according to a recent report by the Carnegie Endowment for International Peace.

While targeted network intrusions against banks have become a weekly occurrence, cyber crooks have become harder to detect and investigate as hacker networks increasingly coordinate with organized crime groups and utilize malware and other tools to impede law enforcement and evade detection, the report found.

Read more at KYC360.