Cyberthreats stem from the malware, but monetary losses stem from money mules. I've decided to coin a new term: eFraud. I cannot think of a better way to describe the wave of fraud incidents the financial industry is facing. It's electronic.
Cyber criminals typically will move on to a target that is much less secure but those behind advanced persistent threats will spend months if not years trying to penetrate an IT system until they succeed, says Dmitri Alperovitch, McAfee Labs threat research vice president.