Securing Finance Organizations Against Tomorrow's Cyber Threats

Financial services organizations play an integral role within our critical infrastructure, making them attractive targets for threat actors that want to disrupt the economic infrastructure of society. This underscores the importance of robust finance cybersecurity measures.

Cyber breaches cost financial institutions an average of $5.90 million USD, with breaches taking 204 days to detect and causing $228,589 USD in daily downtime losses. These risks demand robust cybersecurity measures.

These organizations – encompassing banking institutions to accounting practices as well as investment firms – store very valuable, highly sensitive personally identifiable information (PII) data that threat actors want to exploit.

Moreover, finance organizations are repeatedly targeted by cybercriminals that rely on the ‘as-a-service’ business models to buy initial access into your environment or deploy ransomware easily.

In this finance cybersecurity threat intelligence report, we explore the cyber threats against financial services organizations, why they’re a prime target for cybercrime operators, and how they can manage their risk to reduce the likelihood and severity of cybersecurity incidents.

Key takeaways from the finance cybersecurity threat intelligence report include:

• The five primary reasons that cybercriminals target finance organizations: rise of the ‘as-a-service’ business models, acceleration of a digital-first ecosystem, adhering with compliance requirements, rise of supply chain attacks, and under-trained staff
• The most common initial access vectors cybercriminals rely on to deploy malware based on observations from eSentire’s Threat Response Unit (TRU)
• How your organization can reduce cyber risk and avoid falling victim to ransomware attacks

Download our finance cybersecurity threat intelligence report for recommendations on how to reduce cyber risk and build resilience against ransomware, and how eSentire MDR can help prevent business disruption.