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Cybercrime on the Rise in Poland’s Finance Sector, Warns Report

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Warsaw - As digital transactions become increasingly common in Poland’s financial sector, a new report has sounded the alarm over the growing threat of cybercrime.

Sophisticated Hackers Targeting Polish Banks and Financial Institutions

According to Mastercard’s “Cybersecurity Insights for the Banking Sector in Poland”, the country’s banks and financial institutions are facing a rising tide of attacks from sophisticated hackers. The report, based on Mastercard’s Cybersecurity Intelligence and an analysis of publicly available data, reveals that social engineering attacks are becoming increasingly prevalent.

Human Element Remains Weakest Link

“It is clear that the human element remains the weakest link in the chain,” said a spokesperson for Mastercard. “As our digital lives become more intertwined, it is crucial that financial institutions take steps to educate their customers and employees about the latest cyber threats.”

Leading Threat Actors and Motivations Revealed

The report identifies leading threat actors in Poland’s banking sector, including their motivations and preferred attack methods. It also highlights popular asset categories targeted by hackers, such as login credentials and personal data.

Evolving Threat Landscape

Furthermore, the analysis reveals a changing threat landscape over time, with new tactics and techniques emerging to evade detection.

Areas for Improvement

The security posture of Poland’s banking sector is also evaluated from an external perspective, highlighting areas where improvements can be made.

Conclusion

As the financial sector continues to rely on digital transactions, this report serves as a wake-up call for Polish banks and institutions to prioritize cybersecurity measures to protect their customers’ sensitive information.