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.
"There's a real threat out there." Cybersecurity Coordinator Howard Schmidt says. "But the threat sort of follows the way we build our defenses against it, and I think those things continue to move in parallel."