“ WHILE DIGITAL INNOVATION HAS OPENED A LOT OF OPPORTUNITIES FOR ORGANISATIONS , IT ALSO CREATES NEW DIGITAL RISKS THAT NEED TO BE MANAGED ”
— Daniel Cohen , Director of Fraud & Risk Intelligence , RSA Security
53
This widens the attack surface that hackers can take advantage of . For example , cybercriminals expanded to social media platforms , hosting cybercrime websites on the blockchain and launching attacks from IoT devices – there ’ s many more avenues for adversaries to exploit in their quest to compromise banks and consumers for financial gain . New types of attacks have emerged that take advantage of the digitalisation of finance ; they ’ re finding ways to exploit vulnerabilities in innovations like open APIs and digital
www
. fintechmagazine . com