This is second part of three-part series exploring the rise and power of cyber-criminals; anatomy of cyber-attacks targeting banks; and defending a bank against cyber-criminals.

Banks have always been and continue to be prime targets for criminals. Digitalisation of money rendered ‘Butch Cassidy and the Sundance Kid’ style bank robbery obsolete. However, a new breed of cyber-criminals is redefining the threat landscape; challenging existing security principles; and succeeding, not in-spite, but because of prevalent stringent security measures.