With the transition to online banking, virtual financial services and cryptocurrency, it’s no surprise that the financial services sector is a top target for cybercriminals.
Without having domains secured with a DMARC enforcement policy, criminals can pose as a bank or investment firm and send phishing emails to customers with a goal of gaining access to accounts, stealing personal information, redirecting payments, and installing ransomware.
When a financial institution has its domains exploited by phishing, not only are there financial losses from misdirected funds and clean-up costs, but with the media attention and tarnished brand reputation there is a loss of trust with your customers. DMARC allows domain owners to view who is sending email on their behalf, confirm the legitimate sources and disqualify the rest.
