What are the cyber-threat affecting finance sector?

The finance sector is particularly vulnerable to cyber threats due to the sensitive and valuable nature of the information it holds, such as financial and personal data of customers, and because of the large amounts of money that flow through the sector.

Some of the main cyber threats affecting the finance sector include:

Phishing: Attempts to trick individuals into providing sensitive information, such as login credentials or personal information, through fake emails or websites.


Ransomware: Malicious software that encrypts a victim's files and demands payment in exchange for the decryption key.


Advanced Persistent Threats (APTs): Long-term, targeted attacks that are designed to steal sensitive information or disrupt operations.


Distributed Denial of Service (DDoS) attacks: Attempts to overload a website or network with traffic, making it unavailable to legitimate users.


Social engineering: The use of psychological manipulation to trick individuals into providing sensitive information or access to systems.


Insider threat: Threats posed by current or former employees, contractors, or business partners who have authorized access to an organization's sensitive information.


Payment frauds: Such as card skimming, remote access trojans, and malware targeted at Point of Sale (POS) terminals.


Mobile malware: malware targeted at mobile devices, such as smartphones, that are used for online banking, online payment or for accessing sensitive information