Strengthening digital banking solutions: Appgate’s battle against phishing scams

The cyberthreat environment is rapidly evolving in digital banking solutions, fueled by the increasing use of artificial intelligence (AI) by attackers. This technology enables them to expand their attack surface and create sophisticated phishing scams that mimic legitimate websites with alarming accuracy. Phishing remains a primary tool for cybercriminals seeking to harvest sensitive information for fraud and identity theft. Staying informed and proactive is critical in this escalating threat environment.

Appgate’s SOC team is on the front lines, constantly monitoring and analyzing online banking platforms for both cutting-edge and traditional cyberattacks. We rely on these key metrics to measure our performance and prioritize our efforts. In our most recent report, we uncover and explore the most common types of attacks in 2023, as well as the year-over-year attack trends. This blog will provide an overview and analysis of our attack response, proactive measures and incident deactivation times for the first half of 2024.

Digital banking solutions fraud attack types in H1 2024

During the first half of 2024, we surpassed 20,000 fraud deactivations, underscoring our commitment to protecting our customers. We achieved this by implementing automated solutions that significantly enhanced our operational efficiency.

 

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