Financial Sector Threats Report

68% of attacks originate from email.

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

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

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

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.

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

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

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%.

Infostealer infection attempts increased 58% in 2024.

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