Trustwave SpiderLabs Research: 20% of Ransomware Attacks in Financial Services Target Banking Institutions
The 2024 Trustwave Risk Radar Report: Financial Services Sector underscores the escalating threat landscape facing the industry. Deepfakes, highly realistic synthetic media, and the increasing adoption of cryptocurrencies are providing cybercriminals with new avenues to compromise financial institutions. These emerging threats are augmenting the already prevalent ransomware and phishing campaigns, creating a complex and dynamic threat environment.