Trustwave's Technology News on 2024 Financial Services Threats: Insider Risks and Phishing-as-a-Service
Unmasking Alarming Trends in Financial Services Cybersecurity
Trustwave, a leading cybersecurity provider, has published its latest series of reports detailing significant threats to the financial services sector. This report brings attention to unique vulnerabilities in the industry.
Key Findings from the Latest Cybersecurity Research
- b>24% of ransomware attacks in the financial sector were linked to ALPHV.
- 49% of attacks originated from phishing techniques.
- b>65% of financial services ransomware attacks occurred in the US, heightening regional concerns.
Recent research from the Ponemon Institute highlights why financial services remain prime targets for cybercriminals. This sector is overflowing with sensitive data and substantial funds. Kory Daniels, Trustwave's chief information and security officer, emphasizes the importance of digital trust in a challenging cybersecurity environment. Stakeholders are encouraged to leverage this research to fortify their defenses.
Understanding the Emergence of Phishing-as-a-Service
Trustwave’s investigation into phishing-as-a-service is paramount as it identifies the increasingly common attack patterns targeting financial institutions. Insights gleaned from this report offer practical strategies for organizations aiming to safeguard their data amidst growing threats.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.