We believe as the general public, you are aware of the current wave Rise in financial crimes and fraud target bank consumer in general. Whether phishing and pharming via the website and attracting mass consumers to download the mobile application into their smartphone in hand, and from there to intercept sms or stealth under sensitive information or make transactions behind the scene without the user being aware.
Due to the public reputation involved, none of the banks will open and let the general public know they have been attacked. Banks with weakness in their process have been attacked, and old generation of 2 factors authentication with the mobile and sms has been compromised. While the victim among general public expect the bank be responsible for the deposit been withdraw or transfer away without their authentication or been aware, bank is typically make the standing it is the user who responsible for been download and install, or attract to fake offer or mobile application that decide to steal their data and make hidden transaction. Make the report to the police for the cybercrime? Again, you will notice the standard response will be it is the user who is supposed to be careful on their online behavior and activity, end user security awareness suddenly become a key area everyone party attempts to point out that is the end user problem.
Due to every party currently working under the silo basis, financial crime and fraud is much more easy to carry out. No single application can claim they are vulnerable and exploit proof, as the technology keeps advancing, a lot of previously invented defense mechanisms simply just are not more effective against the modern sophisticated cyber attack.
Enterprise cybersecurity vulnerability and exploitation assessment is an ongoing journey. Once you stop where you were a couple years back, you are very easily bypassed by those who make use of the latest and advanced vulnerability exploit, which result in the financial crimes and fraud.
E-SPIN Group in the enterprise ICT solution supply, consultancy, project management, training and maintenance for corporation and government agencies did business across the region and via the channel. E-SPIN specialize in make consultancy, supply for the banking on the various vulnerability assessment, exploitation testing, secure code review and modern secure DevOps (DevSecOps) implementation. Feel free to contact E-SPIN for your project requirement and inquiry.
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