Expert: DDoS Attacks at Credit Unions Can Mask Wire Fraud

Denial of service attacks are often launched as a distraction to cover up wire fraud, a FIS executive told credit union leaders at a recent conference.

Fraudsters often launch fake wire transfers at the same time a bank or credit union is distracted by denial of service attacks. This strengthens the chances that the fraud won’t be caught, according Anthony Jabbour, an executive vice president with FIS. Click here to learn more.