Are you still relying on legacy backup systems to protect your business from cyber attacks? If so, you might want to think twice. Cyber attacks have become so common that 98% of security and IT leaders reported that they dealt with at least one in the last year. Relying on legacy backups as a defense against cyber attacks is not only ineffective but also obsolete in today's rapidly evolving threat landscape.
In our last blog, we looked at 2022’s most prominent global payment fraud trends, including application fraud and synthetic identities, bot-driven DDoS attacks, brute force BIN attacks, and authorized push payment fraud. We also discussed the convergence of cybercrime and payment fraud as cybercriminals constantly look for new ways to exploit payment networks by distracting infosec teams with cyberattacks while they launch fraud attacks.