Every now and then, banks and financial institutions (and their customers) are targeted by opportunistic hackers, but they are much more worried about those that are smarter, have access to better technologies and knowledge of new techniques, and have considerable funding provided either by organized crime groups or nation-states. “These organised global criminal networks channel their resources into accessing data, executing attacks and laundering the proceeds of these attacks to further fund their agenda,” says Gareth Evans, a Senior Fraud and Financial Crime Consultant at BAE Systems.

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