TTP’s stands for threats and tactics, techniques and procedures, the number of which has been gradually increasing since 2015. The financial services sector has long been the target for cyber criminals, where they apply a myriad of techniques ranging from social-engineering to credential-stealing malware.

Recently corporations have been targeted by scammers posing as executives or employees in order to initiate unauthorized international wire transfers. The so-called “spoofers” simply create a valid sounding email domain name and con businesses into sending money. According to the FBI, “CEO fraud”, “spoofing” and “business email compromise” has taken nearly $750 million in comparable scams from nearly 7,000 companies in the U.S. between October 2013 and August 2015.