Cybersecurity for Financial Services

By Trend Micro FSI

The finance sector has been a prime target for cybercriminals. According to the 2024 Threat Landscape Report published by
the European Union Cybersecurity Agency (ENISA), the sector was the third most targeted between July 2023 and June 2024,
accounting for over 9% of all observed cyberattacks. Additionally, Trend Research, highlights that the finance industry leads in the number of Ransomware detections, underscoring its vulnerability to such threats.

Finance organizations leverage a diverse range of technologies, from cutting-edge AI models to decades old mainframes. Balancing the adaptation to modern customer demands with compliance to globally standardized transaction protocols remain a persistent challenge. Financial institutions, often at the forefront of technological innovation, encounter an expansive attack surface and a multitude of potential attack vectors. This complexity is further intensified by their reliance on supply chain. The European Union’s Digital Operational Resilience Act (DORA) and the NIS2 Directive underscore the heightened risk and the imperative for robust cybersecurity measures. Trend Vision One offers comprehensive solutions to meet regulatory compliance and fulfill the Cybersecurity Risk Management mandates outlined in NIS2 and DORA.

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