DMARC for Financial Institutions

Even when cybercriminals use BEC scams to steal sensitive information, they’re doing it to for some form of monetary gain. Organizations that control the flow of this money are the most direct way to defraud people out of millions of dollars every month. Financial service providers store their customers’ banking, assets and transaction data, all of which are extremely sensitive.

Nearly 70% of financial institutions faced impostor attacks from cybercriminals spoofing their own domains. One of the most common scams is the fake invoice fraud, where an attacker impersonates an organization’s vendor to raise false invoices. 

97% of financial service organizations had their domains spoofed to target their customers and business partners. They simply cannot afford to have their systems compromised, or they risk irreparable damage to customer trust in their brands.