The past year has been extremely eventful in terms of the digital threats faced by financial institutions: cybercrime groups have used new infiltration techniques, and the geography of attacks has become more extensive.
Despite this, let’s start the review with a positive trend: in 2018 police arrested a number of well-known cybercrime group members responsible for Carbanak/Cobalt and Fin7, among others. These groups have been involved in attacks on dozens, if not hundreds of companies and financial institutions around the world. Unfortunately, the arrest of group members including the leader of Carbanak, did not lead to a complete halt in activities – in fact, it seemingly started the process of splitting the groups into smaller cells.
