Financial Sector Threats Report

68% of attacks originate from email.

Financial service firms globally experience up to 300 times more cyberattacks annually than other industries.

100% of Europe's top financial firms suffered supplier breaches.

A single day's disruption in payments by major banks could affect 38% of network banks globally

Almost all (97%) of major U.S. banks experienced third-party breaches in 2024.

Targeted intrusions against financial institutions increased by 109% year-over-year.

Comprehensive security awareness training can reduce phishing susceptibility to below 5%.

There has been a 25% year-on-year increase in financial institution intrusion events for 2024.

Infostealer infection attempts increased 58% in 2024.

Analysis of over three million dark web posts shows stolen credentials far outpace credit card theft.

Initially, large financial institutions show 44.7% Phish-prone™ Percentage (PPP) rates, meaning nearly 45% of employees were susceptible to phishing attacks or likely to click on a malicious link or download an infected file.

The U.S. accounts for 60% of all ransomware attacks against financial institutions.

The U.S. and U.K. together represent over 70% of ransomware attacks.