In the realm of banking and finance, cybersecurity stands as an ever-looming concern. As technology progresses, so too do the methods employed by cybercriminals to exploit vulnerabilities. Institutions face a multifaceted threat landscape, ranging from phishing attacks to sophisticated malware campaigns.

Phishing and malware like Trojan and Ransomware are persistent threats causing operational disruptions and financial losses. Insider threats, intentional or inadvertent, exacerbate security challenges for organizations. These threats not only pose financial risks but also threaten the trust and confidence of customers and stakeholders.

As financial institutions embrace digital transformation to enhance operational efficiency and customer experience, they must prioritize cybersecurity to safeguard against potential threats. Robust cybersecurity measures are essential to protect sensitive financial data, prevent unauthorized access to accounts, and mitigate the impact of cyber-attacks. The infographic walks you through the statistics of cyber threats, data breaches, and volumes of cyber security incidents in finance sector, and how the institutions can combat cyber-attacks focussing on the technology advancements.