From Ransomware to Exposed ATMs: How Adversaries Target Financial Institutions
The financial sector remains one of the most targeted industries for cybercriminals and nation-state actors due to the sensitivity of customer data, the high value of financial transactions, and the critical role these institutions play in global stability. Bitsight’s 2025 State of the Underground report found that underground markets listed nearly 14.5 million compromised credit cards in 2024, representing a 20% increase over 2023. This growth was driven entirely by a surge in US-issued cards.