Financial organisations that hold consumer data, including banks, investment companies, real estate firms, retail banking and insurance, are a prime target of cyber threats.
While some attacks are vindictive, the issue within Finance, is that many employees/insiders are completely unaware that they are a threat in the first place. With over 30% of people now working remotely, connections to unsecure networks will be made.
Ransomware attacks on financial organisations across the globe have risen. High ransom demands, time spent on remediating threats, safeguarding data and time lost on navigating the threat landscape puts organisations at a tremendous financial loss.
Third parties, including vendors, partners, e-mail providers, service providers, web hosting, law firms, data management companies, subcontractors could easily be a backdoor into financial systems for attackers to infiltrate.