Why Cash is King in Today’s Cyber World

There was a popular Aflac Insurance commercial series that ran several years ago featuring New York Yankee great Yogi Berra, known as much for his clever quips as his Hall of Fame baseball talents.

In the spot Berra stated about the company, “they give you cash, which is just as good as money.” Turns out Yogi may have been onto something because in today’s cyber world, cash may be even better than money. Confused? Let me explain.

We are seeing some interesting trends amongst cybercriminals whereas they are developing simple but effective methods that allow them to use cyber tools and tactics to steal cash. Now you may ask, haven’t they been doing this all along? No, they have been stealing money and valuables, but not cash. Herein lays the difference and why these schemes can be so dangerous.

SOURCE: securityweek.com