Threat Report Reveals "Modern Bank Heists".

• Position: CYBERATTACKS - Brief article

Sixty-seven percent of financial organizations surveyed have reported an increase in cyberattacks over the past 12 months, while destructive attacks have increased 1,160% over the past year, maintains a threat report on the financial sector by Carbon Black Inc., Waltham, Mass., and Optiv Security, Denver, Colo.

"Financial institutions are grappling with some of the most sophisticated cybercrime syndicates," says report author Tom Kellermann, chief cybersecurity officer at Carbon Black. "Perhaps the most-concerning indication from this report is the stark increase in destructive attacks, which actually are rarely conducted for financial gain.

"Instead, they usually are launched to be punitive by destroying data. Cybercriminals have formed sophisticated approaches to gain access to confidential banking and financial information, and organizations need to be aware of the impending threats."

Some 79% of surveyed financial institutions indicate cybercriminals have become more...