Cybercrime |Regulations I Commercial Banking

Cybercrime

The increasing digitisation of industry plays a vital role in business growth. But it also brings risk.

Cybercrime targets victims from private individuals to large corporates, through various forms of phishing and illicit installations of malware. The results are lost income, reputational damage, financial loss and ransomed data.

While the majority of criminals have quite basic technical capabilities, attacks are increasingly enabled by sophisticated tools available in the online criminal marketplace. With some criminal groups even industrialising their activities, cybercrime is evolving and growing fast.

'Ransomware' attacks have grown, leveraging threats to publish data online, or block its use. Targeted fraud is a rising cost for individuals and businesses.

We want to help you build your cybercrime knowledge and help you stay safe online. Download our Five Top Rules for reducing your risk, or read more detail on the pages below.

Phishing

One of the most common cyber-attacks, phishing operates through emails which are often convincing and appear to come from legitimate senders. These messages entice their targets to click on links or attachments which, in turn, facilitate theft or fraud.

Find out more about Phishing

Malware

Business Email Compromise

Cyber-attacks have increased steadily in recent years. With criminals constantly devising new ways to steal information and money, one of the newest emerging threats is Business Email Compromise, also known as CEO or Chairman Fraud. The most frequent targets of this scam, small and medium-sized businesses can lose huge sums because of one spurious email.

Find out more about Business Email Compromise

Text and phone scams

Texts and phone calls can be used maliciously to facilitate theft and fraud. ‘Vishing’ calls try to alarm recipients into making payments or providing important financial information. ‘Smishing’ texts may additionally try to entice their target to click on malicious links, activating trojan viruses which can steal passwords and other high-value data.

Find out more about Phone and text scams

Protecting Your Business

Cybercrime