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News

Visualisations demonstrate sophistication of banking scams

AdaptiveMobile : 22 April, 2015  (Technical Article)
AdaptiveMobile is attending the US RSA conference with demonstrations of how mobile banking attacks can have devastating effects on the US financial system
Visualisations demonstrate sophistication of banking scams

AdaptiveMobile will be revealing at the forthcoming RSA Conference unique intelligence on previously unseen mobile attacks impacting financial institutions within the United States.  In advance of the conference, AdaptiveMobile is revealing industry-first visualisations showing how these attacks are targeting regional banks across the country.

The visualisations clearly demonstrate the solar-flare-like patterns of regional bank attacks, which show how local bank customers are being scammed by the heavy use of local cell numbers to perpetrate attacks. AdaptiveMobile’s graphics represent a five-month analysis of these attacks, and show the geographical areas affected, financial institutions targeted as well as the timing of the attacks. This is one of the first times that an attack of this sort has been represented visually, and it provides powerful insight into the changing patterns and methods of cybercriminals.

Researchers at AdaptiveMobile have been tracking and blocking criminal activity around messaging bank fraud alerts and will be sharing an in-depth look of this intelligence with the broader security community at the RSA Conference. In his session, Cathal Mc Daid, the head of data intelligence and analytics at AdaptiveMobile, will show the actual attack patterns of criminal gang activity using these attacks across the United States. Cathal Mc Daid will present the findings on Wednesday, April 22, from 10:20 AM – 11:10 AM West Room: 2001. In addition, you can meet with AdaptiveMobile executives in the South Hall at booth 2545.

The company has been named as a pioneer in Global Mobile Threat Detection by analyst firm Frost and Sullivan, and received the prize for Network Management Excellence at the Telecoms.com awards in 2014.

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