In today's digital landscape, financial institutions are prime targets for cyber attacks, with threats like data breaches, phishing, and ransomware posing significant risks.
The Critical Role of Cyber Security in Financial Services
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- Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
- Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Our Award Winning Cyber Security Services for Financial Institutions
Addressing the Unique Challenges of Financial Services Cyber Security
Financially-Motivated Attacks
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Regulatory Compliance
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Data Breaches
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
What are the Cyber Threats Faced by Financial Services in 2024?
Lack of Trust in Cyber Tools
More than a third of respondents (36%) identified protection of critical assets, and trust in cyber tools as among their five biggest cyber security challenges
Phishing Attacks
Over the previous 12 months, phishing was the form of attack that UK financial services organisations most commonly experienced.
Malware Attack Risks
Malware attacks are viewed as among the most significant current risks to financial services organisations’ IT systems – selected by 46% of respondents.
The Impact on OT Environments
OT environments in UK financial organisations are currently at risk from phishing (38%), malware (35%), ransomware (33%) and the use of unauthorised devices (26%)
Ransomware
Ransomware is also seen as more of a risk to OT than IT, but regardless, 59% of financial organisations surveyed experienced a ransomware attack in the previous 12 months.