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The 6 Biggest Cyber Threats for Financial Services in 2021 | UpGuard

3 years ago www.upguard.com
The 6 Biggest Cyber Threats for Financial Services in 2021 | UpGuard

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https://www.vmware.com/resources/security/modern-bank-heists-2020.html, the first half of 2020 saw a 238% increase in cyberattacks targeting financial institutions. This post outlines the top 6 cyber threats to financial services and suggested security controls for mitigating each of them.

In just the first six months of 2021, phishing attacks in the financial sector increased by 22% since the same period in 2020.

According to https://www.akamai.com/newsroom/press-release/state-of-the-internet-security-financial-services-attack-economy', almost 50% of observed phishing attacks were linked to the financial services sector.

To effectively defend against ransomware, threat intelligence teams must be aware of the most popular ransomware variants targeting financial systems.

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