Dramatical changes have happened in the financial sector in recent years. The ongoing digital transformation for the financial institutions combined with the Covid-19 pandemic has changed the way people work and engage with their finances. Online banking and remote working have become the new normal. These changes had a great deal of impact on the bank websites. Websites get attacked every day – and it can happen to you too! It’s just the reality of the world we live in. Cyber threats are rapidly evolving and banks must respond quickly to these threats. Timely response to emerging threats can make all the difference in protecting your business and your clients.
Below you can find a list of the possible threats banks websites could face in 2022:
Targeted Ransomware
Ransomware is becoming a cyber criminal’s attack method of choice because hackers understand that it can cause far-reaching damage. These attacks have become more common because of their increased success in recent times. This puts a lot of pressure on the financial institutions to pay up in order to restore operations quickly.
DDOS Attacks
DDoS stands for distributed denial-of-service. DDoS attacks slow down websites and make them vulnerable to users. DDoS are among the most prevalent threats to website security. Simply put, hackers can use these attacks to overload the traffic of the targeted website. This can result in the website crashing or being extremely slow which disrupts business flows at expensive rates resulting in serious reputation damages and financial losses for the banking system.
Spam in form of comments
This is extremely common on websites. Although not a direct threat, these can still harm your website as they might contain phishing links that contain malware, which can harm your website users if they click on them. And let’s be honest for a second! They just don’t look good on your website. But there is also one more important thing as to why you should get rid of these comments and that is – Google’s crawlers. Google’s crawlers can often detect malicious URLs and penalize your website for hosting spam. And that will not be good for your SEO rankings for sure!
Viruses and malware
Malware and viruses are essentially the same things ( malware stands for “malicious software”). We can say that malware is probably the biggest threat to your website. You can find them in all different shapes and sizes. These types of viruses are used to access private data or use server resources. With malware, both you and your website visitors are at risk. Your customers can click on a malicious file and download it onto their computer. It’s your job to keep your website secure and prevent this from happening.
Registering for a WHOIS domain
Website owners must register their websites with a particular domain name. That requires owners to provide some personal information that is registered in the WHOIS databases. Besides the personal information, website owners need to provide information like the URL name servers associated with the website. Hackers can use this information to narrow down the location of the server and can use it as a gateway to access your web server.
Older Cybersecurity Threats Still Matter
Even as attackers develop new types of threats, old ones such as Trojans and botnets are also still around. To face these familiar threats head-on banks must ensure staff has the tools and training they need to spot these attacks. This includes ongoing efforts that help monitor email accounts, remind staff of security standards and notify them automatically if potential threats are detected.
Protecting your bank website is a number one priority in these unsafe times with so many threats emerging. You can’t just assume your website is secure. You must do everything in your power to protect it. But even if you have taken some precautions you still need to keep updating it to make sure it’s still secure. If you need help or guidance contact us. Let us be your “Firewall”!
