Financial sector faces surge in cyber threats
New research shows institutions in the financial sector experience up to 300 times more cyberattacks than other sectors, with large banks reporting 45 percent of their employees susceptible to phishing attacks.
The study from KnowBe4 reveals almost all (97 percent) of major US banks experienced third-party breaches in 2024, while targeted intrusions against financial institutions increased by 109 percent year-on-year.