Thursday, August 8, 2013

Rising Risk of Online Attacks for Financial Institutions

The International Organization of Securities Commissions recently released a warning that more and more online attacks are being lodged against securities markets and financial industries in general. Everyone from the local CPA to the major brokerage firm is at risk of these online attacks. While hackers orchestrate online attacks in many different forms, the most common ones involve intercepting exchanges of money and otherwise attempting to break down the security of financial websites and financial services offered online. While these online crimes are very serious, nothing so severe as to bring down an entire financial organization has occurred yet, though the International Organization of Securities Commissions reports that attacks are getting more and more sophisticated and severe.


While this doesn’t mean that you can’t share sensitive information with your CPA over the computer or that you can’t transfer money between accounts online, it does mean that you need to be cautious when handling financial transactions online. Always make sure you are on a secure, legitimate site before inputting passwords, credit card numbers, or other sensitive information, and change passwords frequently in case they are hacked. Remember that, no matter where you are, whether it’s in Naperville or halfway around the globe, you have to be vigilant in order to protect yourself.
Enhanced by Zemanta

No comments:

Post a Comment

I welcome your comments here :)