Financial service providers are often the first targets of phishing scams
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.
When attackers target financial institutions, they often use realistic invoices and vendor impersonation. We’ve even witnessed carefully planned BEC attacks that rely on inside information gleaned from spying on email communications. Defending against highly coordinated attacks like this requires not just thorough defence measures, but active anti-spoofing and anti-phishing mechanisms.
Features like AI-driven Threat Intelligence and 24×7 monitoring and alerts look for and identify threats to your email channels wherever they are in the world. We manage security in your domain so you don’t have to, and give you the option of customizing your PowerDMARC solution for your needs.
A financial service provider’s integrity rests on how smartly and securely they handle a customer’s finances, and this includes all the sensitive personal data that comes with it. By protecting your domain from spoofing and email fraud, you’re not just making it harder for cybercriminals to steal from you. You’re also making it easier for your customers to trust you.
