Banking Industry Faces New Risks from Online Hackers

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ProXPN urges the use of VPN technology in combating the rise in new online scams.

According to a report dated 04th April 2013 on bankinfosecurity.com (http://www.bankinfosecurity.com/ffiec-tackling-new-online-banking-risks-a-5655/op-1), Chief Technology Officer of QCR holdings, a company that owns and oversees four banking institutions, said during an interview with info security media group that the online threats that are out there today are pretty complex. He adds, “We’ve seen these distributed-denial-of-service-attacks (DDoS) just continue to be pervasive in our industry, and we’ve seen them target banks.”

QCR’s banks identified new security threats such as increased distributed-denial-of-service attacks and regulatory changes as the reasons to transition to a new platform.

Mr Wyfells continues to say as per the report that he anticipates that the DDoS may want to target other types of institutions in the future to be able to demonstrate their ability and further goes on to urge these institutions to look at the kinds of technology that’s available which could be applied to help protect this institutions from such kinds of threats.

He adds, “We know that we’ve seen these happen against very large, very sophisticated and very capable institutions and they have struggled to protect themselves.

ProXPN steps in to commend institutions such as QCR holdings, who are keeping abreast with the escalating cyber warefare and advice others to be vigilant too. VPN technology such as ProXPN VPN service offers enhanced security for both institutions and individuals. When one is connected to the internet or any online services through the ProXPN VPN service, their data is kept secured and encrypted. In this way any information that passes through ProXPN VPN service is kept away from the eyes of hackers.

About proXPN:
Founded in 2009, proXPN is a leading VPN provider. Unlike other services, they offer free accounts. Unlike the SaaS standard practice of time-based free trials, a proXPN free VPN account lasts for life and is limited only by connection speed. proXPN Premium account users enjoy unlimited connection speeds as well as advanced features such as PPTP compatibility for mobile devices and VPN Guard™, proXPN’s method of cutting all data transfer should the VPN connection fail, ensuring all data is encrypted during transmission even if there’s a system error. proXPN’s firm stance on the importance of individual privacy and security online mirrors public sentiment expressed during debates over SOPA and PIPA.

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Alex Broster
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