As financial institutions increasingly embrace digital transformation, the BFSI sector faces escalating cybersecurity risks. It’s not just about protecting sensitive data from hackers anymore—the bigger challenge lies in navigating complex threats such as supply chain vulnerabilities, cloud misconfigurations, and advanced ransomware attacks. The need to stay compliant with evolving regulations only adds to the pressure.
Cybercriminals are getting smarter, leveraging AI and automation to scale their attacks and target financial institutions more effectively. In this evolving threat environment, securing both your operations and brand reputation is no longer optional—it’s essential for survival.
Key Insights from the Securing BFSI 2024 Report:
- Supply Chain Weaknesses Exposed: Increased reliance on third-party providers introduces significant vulnerabilities. High-profile incidents, such as the MOVEit transfer hack, underscore the risks to your entire supply chain.
- Ransomware on the Rise: Ransomware attacks increased 13-fold in 2023, costing the BFSI sector an average of $5.9 million per breach. Discover how to strengthen your defenses against this growing threat.
- Cloud Migration Risks: As financial institutions migrate to the cloud, misconfigurations and lack of proper encryption are responsible for 19% of breaches in the sector.
- Attack Surface Expansion: The integration of IoT, cloud technology, and machine learning has expanded the attack surface significantly. Real-time monitoring is crucial to identifying and mitigating these new vulnerabilities.
Protect Your Financial Institution—Download the Full Report
With advanced ransomware and AI-driven attacks becoming more frequent, BFSI organizations are at a crossroads. The Securing BFSI 2024 report offers actionable insights to help you navigate these challenges, equipping cybersecurity professionals and decision-makers with strategies to safeguard critical assets.
Gain crucial insights into the threats facing the BFSI sector and discover how to implement a robust, integrated cybersecurity approach. The Securing BFSI 2024 report provides the tools and knowledge to help your organization stay ahead of cyber threats and regulatory challenges.
Stay secure—protect your business and your brand.
