"US Most Impacted by Data Breaches in the Financial Industry in 2022"

According to security researchers at Flashpoint, the financial sector ranked second across all industries for data breaches in 2022.  The US was the most impacted country, followed by Argentina, Brazil, and China.  The researchers found that approximately 57% of these breaches targeting financial institutions worldwide have been attributed to "general hacking." In comparison, about 6.5% were as a result of ATM skimming, a PIN-stealing technique targeting credit and debit cards by rigging machines with hidden recording devices.  The researchers noted that general hacking includes phishing and e-skimming methods and different types of malware, such as ATM malware and ransomware.  While the researchers found that ATM malware represented one of the most popular malware and service offerings in 2022, they also observed that threat actors specializing in ATM fraud often share slightly out-of-date techniques and tools, likely out of a desire to protect the most cutting-edge methods for their private use.  Another popular type of malware found by Flashpoint in 2022 was banking trojans.  Some of the most popular trojans the researchers observed in 2022 were Xenomorph, Sova, and Teabot.  Flashpoint also saw a few ransomware groups that targeted financial institutions in 2022, including LockBit, Conti, and Corp Leaks, an English-language ransomware group possibly affiliated with REvil.  The researchers noted that the financial sector was not one of the most-targeted sectors for ransomware activity in 2022.  

Infosecurity reports: "US Most Impacted by Data Breaches in the Financial Industry in 2022"