The financial services industry, a cornerstone of modern economies, is a prime target for cybercriminals. The allure of vast sums of money, sensitive personal data, and the intricate web of interconnected systems makes it a lucrative hunting ground. This blog delves into the five most significant cyber threats facing financial institutions, providing insights into their modus operandi, potential impact, and strategies for mitigation.
Cybercriminals are opportunistic. They target organisations of all sizes, but healthcare MSMEs, with their rich trove of sensitive patient data, are particularly attractive.
Penetration testing (pentesting) in an ERP system is crucial in safeguarding your organisation’s sensitive data and operations. ERP systems are the backbone of scalable companies, housing critical financial, operational, and customer information. A successful cyberattack on an ERP system can have devastating consequences, including financial loss, reputational loss, and operational disruption.
File Encryption Trojans (FETs), or crypto-ransomware, are malicious software designed to extort money from victims.