Australian banks hold up a mirror to fraudsters

Scammers accustomed to insider assistance may find it less available in future.

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Deception is a technique favoured by financial scammers and attackers in Australia and the broader Asia-Pacific region because it is a convincing and often effective way to fleece people – and banks – of cash. But in this day and age, deception is not just for attackers, and cyber deception can just as easily deceive them. As a result, banks are adding deceptive technologies to their defensive arsenal to confuse their adversaries and ultimately thwart such targeted attacks.

The trend hasn’t gone unnoticed.

Deception has been used for a long time in all adversary or opponent-opponent scenarios, so why shouldn’t we use it ourselves as organisations to create an active cyber defence?

Read the full article in InvestorDaily by Jim Cook, ANZ regional director at Attivo Networks.