Gone are the days of masks and guns for bank and financial institutions robberies. Criminals have shifted to more sophisticated methods to get funds and data. They have shifted from masks and guns to social engineering attacks for scripts and ransomware. From the past few years, there is a drastic increase in the rate of attempted social engineering attacks and hacks in the financial sector.
It is crucial to provide quality customer service for the financial services industry, but there are many potential pitfalls when your employees go above and beyond for your customers. There is a huge number of sensitive assets that banks or any other financial institution rely on every day to conduct business. These include social security numbers, credit information, PINs, cardholder data, mailing addresses, email addresses, account balances, and more. All these assets are available and accessible to employees, which means that it is susceptible to being compromised by a malicious hacker. Because of these reasons, it is important to focus on social engineering training for financial sector employees. This will educate them on how to identify and report social engineering attempts.
You must be wondering what social engineering is? What are common types of social engineering attacks in the financial sector? How can the financial sector mitigate the risks of these attacks? No worries! This blog has answers to all your questions.
To learn more click here:(https://sennovate.com/the-alarming-rise-of-social-engineering-attacks-in-the-financial-sector/)
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