Targeting TikTok: Rising Geopolitical Tension Should Put FIs on Guard
- Date:January 05, 2023
- Author(s):
- Tracy Kitten
- Report Details: 5 pages, 2 graphics
- Research Topic(s):
- Cybersecurity
- Fraud & Security
- PAID CONTENT
- Download summary
Overview
As a bipartisan group of legislators tries to put TikTok out of business in the United States over its China-based ownership and sketchy history of leveraging user data, the stakes for U.S.-based FIs are different. It’s less about access to the catchy videos made famous on the social media platform and more about being vigilant against cyberattacks spawned by ramped-up geopolitical tensions. Javelin Strategy & Research has been signaling an increase in attacks from political adversaries against critical infrastructure, with the aim of shaking consumer confidence, stealing sensitive information and intellectual property, and disrupting service.
This impact note lays out the ways in which FIs will be targeted, how nation-states and well-funded cybercrime groups collaborate, and where FIs need to shore up their own defenses.
Interested In This Report
Related content
Ransomware Negotiation Market Landscape 2022
Ransomware negotiation providers play a pivotal role in aiding financial institutions in their recovery of stolen and/or encrypted data and in conducting post-attack forensics to h...
2023 Cybersecurity Trends & Predictions
The annual cybersecurity trends will provide financial institutions a glimpse of what will be key trends in the following year.
Cyber Lessons for Digital Bankers
Financial institutions rank among the most-trusted entities with consumers, a level of esteem that puts them in a distinctly advantageous position to impart cybersecurity education...
Make informed decisions in a digital financial world