Responsible-For-CybercrimeMany people often use internet banking, purchase goods online or transfer funds using the various financial websites because it is fast and convenient. Most banks today have an online portal where you can control your bank account activities such as getting loans, paying bills and even transferring funds. With the increase in online banking services, also comes the threat of hacking, fraud and information theft. Some people have experienced losing money online because their accounts were hacked. The most important question is, who is responsible and who is at risk?

Types of hackers

There are different categories of online hackers motivated by different purposes

· Cybercriminals are your average financially motivated criminals. They steal client information from banking sites simply to steal their money or misuse their identities for criminal purposes using the funds they can access online.

· State-sponsored hackers on the other hand are motivated by governments to go after banking systems in order to ruin national infrastructure. This is often the case between conflicting countries.

· Hacktivists are special kinds of criminals who do not hack with the motivation to steal money but to pass on a message, which is often political in many cases. They may hack a financial institution website that gives funding to a program that they are against.

What they do

Over the past couple of years the number and sophistication of malicious agents has dangerously increased. Hackers have refined their abilities to evade the various security measures set up against security threats using malware program source codes, available underground. The popularity of crime-as-a-service has also increased greatly, motivating more individuals to get involved in the criminal ecosystem.

The main concept used in most hacker software is proxy malware that infects the client’s computer browser, exploits vulnerable areas and collects personal information. The hackers can use this information to complete secret transactions or modify the kind of banking transactions you make online.

Who is at greatest risk?

Online financial services that rely on mobile platforms and cloud infrastructure are often at the highest risk of security threats. Smart phone users always download applications to their mobile phones without considering whether they are secure or not. Cybercriminals take advantage of the popularity of downloading applications to create software that can infect your phone through these applications. This is because a lot of mobile apps cannot properly validate (Security Socket Layer) SSL certificates - the mechanisms that banks use to protect clients.

However, it crucial to know that SSL certificates cannot protect you from being duped into visiting fake websites that will automatically collects and store your personal information. Some mobile applications use certificate pinning to refuse connections from any website that has fake SSL certificates. However, studies have shown that about 77 percent of mobile applications ignore SSL errors, while 68 percent did not check server certificates at all.

All in all, bad habits among customers are the greatest risk to online sites across different platforms. You should avoid opening unsolicited emails, frequently downloading unprotected applications and adopting a secure mindset to protect yourself online.

Bio: Marie Beget is a cybercrime specialist with a private security firm. If you want to know more about debt relief, visit our site.