Experts attribute the proliferation of cybercrime in the Financial Services sector to the recent and lucrative trend toward personal identification number (PIN) fraud.

Hackers who successfully associate a stolen PIN with the appropriate credit card or debit account information can steal cash directly from the consumer’s account. This type of attack, where money is taken “legitimately” from checking, savings, and/or brokerage accounts is more difficult to trace and almost impossible for consumers to defend.

Cyber criminals have been quick to react to the vulnerability, re-engineering processing and developing new memory-scraping malware making it easy to obtain and store PIN details.

While Financial Services Organizations accounted for most of the data compromises, they were not the most targeted sector:

• Retail Industry #1 at approximately 33% of all attacks
• Financial Services #2 at approximately 30% of all attacks (highest growth, +16% from previous years)
• Food and Beverage Services #3 at approximately 14%

These statistics (30% of attacks, 90% of successful breaches) indicate that security measures presently in place with financial institutions are severely underdeveloped.

Moreover, hackers will continue to exploit banks, ATMs, and investment firms until steps have been taken to close known vulnerabilities and put preventative measures in place to help defray the next generation of attacks.

“There has been no better time to invest in effective security measures to prevent data thieves from infiltrating your company website and online databases. As these attacks become more sophisticated and widespread, it is becoming a matter of when, not if, your company will become a target of malicious attacks,” warns FireHost CEO, Chris Drake.

First and foremost, these preventative actions should include achieving PCI compliance and hosting web based applications with hosting provider focused on security.

During the presentation, we will demonstrate how easily cyber criminals can compromise a website and provide real “is hacked” examples that have taken businesses offline. We will also reveal some common (and easily patched) website vulnerabilities so you leave armed with key defense tactics that can be put in place immediately.

Session Agenda Includes:

• Hacker Profiles and Motives
• Open Source Vulnerabilities
• The Security Ecosystem
• Hot to Protect Your Website

Do not miss this opportunity. Take the first step toward protecting your business’ online identity. One lucky audience member will receive 6 months free, secure website hosting, so register now!