Financial institutions face an increasingly complex and dynamic threat landscape. With sophisticated attack vectors emerging every day, traditional IT security approaches are no longer enough to ensure the safety and resilience of a financial organization. Targeting financial industries means a big payday for attackers. The high-value transactions, the volume of personal information in question and their reputation for using legacy protocols, all make this industry a top target for cybercriminals.
The average cost of a data breach in financial institutions
Increase in the total value of cryptocurrency ransoms from 2013 to 2020
Increase in cyberattacks targeting financial institutions