Ransomware: The Rapidly Evolving Trend

Over half of the Financial Sector is at heightened risk of ransomware attacks according to BitSight’s daily analysis of over 250 billion data-points.

The proliferation of ransomware has disrupted business operations globally at an alarming rate - plaguing financial institutions that work with particularly sensitive client and company financial information. Financial services companies have always been at high risk from money-hungry hackers eager to take home a large profit. As the financial sector expands to include more mobile payment services and cloud operations, bad actors also have more opportunities to gain access to business networks.

Your organization doesn’t need to remain in the dark when it comes to how and when ransomware will impact your systems; BitSight has identified common cybersecurity performance gaps and network challenges that lead to successful ransomware incidents in the financial services sector. In this report, we break down how the financial services industry is particularly vulnerable to ransomware attacks based on:

  • Overall security performance
  • Patching cadence
  • Presence of specific vulnerabilities
  • Certificate and configuration management

Maintaining visibility into trends and ransomware data across the finance sector allows for proactive mitigation of ransomware risk across your attack surface. Download the “Ransomware in the Financial Sector” report to see how the ransomware trend is specifically impacting organizations throughout the financial services industry, and learn how your organization can implement the right technology to combat the unique risks.

Ransomware: The Rapidly Evolving Trend
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