Cybersecurity Threats In The Financial Industry And How To Mitigate Them

men doing martial arts

The financial industry has always been a prime target for cybercriminals due to the high-value transactions and sensitive data it handles. With the rise of digitalization and the shift towards online banking, the threat landscape has become more complex, and the risks have increased manifold. Cybersecurity threats in the financial industry range from ransomware attacks to phishing scams, and they can cause significant financial losses, reputational damage, and legal liabilities.