IBM X-Force researchers identified new financial malware, dubbed CamuBot, that attempts to camouflage itself as a security module required by the Brazilian banks it targets.
According to IBM's "Future of Identity Study," consumers are beginning to prioritize security over convenience, making trust a crucial competitive advantage for financial institutions.
Financial institutions need intelligence-driven fraud detection and prevention solutions to protect customers' sensitive data from phishing attacks.
With new cognitive enhancements, IBM Trusteer Rapport can help financial institutions protect their customers from phishing attacks.
Researchers detected a wave of phishing attacks in the U.K. delivering malware that shares code with the infamous Dridex banking Trojan.