Financial data breaches seen to intensify in 2022

CEBU, Philippines —  Cybersecurity and digital privacy company Kaspersky has warned the public against an intense financial security breach in 2022.

“In 2022, we will observe state-sponsored groups targeting the cryptocurrency industry, while cybercriminals will take advantage of investors by fabricating rogue wallets with backdoors included. On top of that, we are likely to witness the growth of attacks against payment systems and more advanced mobile threats,” these are some of the key predictions released Kaspersky’s Cyberthreats to Financial Organizations in 2022 report.

According to the report, the year 2021 was considered a year of challenge and novelty and there are always those who adapt and manage change to their advantage quickly – cybercriminals. Since most of them are motivated by money, financial threats have always been one of the most significant parts of the threat landscape.

Pondering on the significant events and trends that shaped the financial threats’ sector in 2021, Kaspersky researchers have forecasted several important tendencies expected to occur in 2022.

Among other key predictions include; growth of targeted cryptocurrency attacks ; flawed security and fake hardware wallets as crypto hardware-based threats; Infostealers acceleration and consolidation; Mobile implants development consolidation; among others.

“This year has been challenging for many organizations: handling remote access for ad-hoc employees, patching hard systems connected to the Internet to endure ransomware attacks, dealing with a substantial increase of mobile banking and its malware implants. And cybercriminals have not been shy of taking advantage of attacking markets. We have watched very regional cybercriminals shifting to other world regions making cybersecurity people work harder. Therefore, it is crucial to establish the principal leaning in a developing landscape of financial threats and share our expertise to help businesses become prepared, so they understand how to protect from before-mentioned threats,” said Dmitry Bestuzhev, head of Kaspersky’s Global Research and Analysis Team (GReAT) in Latin America.