BIN scans, DDoS and the next cybercrime wave hitting South Africa’s banks
As banks beef up their security perimeters, criminals are now devising methods to beat banks’ own authentication protocols, quickly and effectively exfiltrating funds. Two particularly concerning modes of attack have emerged: bank identity number (BIN) scan attacks and distributed denial of service (DDoS) assaults orchestrated to hide targeted attacks. BIN scan attacks represent a strategy…