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Report 15 May 2023

Cybersecurity Risks Associated With Financial Services - InBrief Analysis - Worldwide

The financial services sector is a prime target for cybersecurity attacks due to the sensitive information it handles. Data breaches, ransomware, phishing, insider threats, and third-party risks are some of the common cybersecurity challenges faced by the finance industry. The adoption of new technologies such as open banking, usage-based insurance, blockchain, mobile banking, and AI can also be associated with new vulnerabilities and risks.

 

Contents:

Management Summary

What Are the Main Cybersecurity Risks for the Financial Services Sector?

What Are the Challenges in Ensuring Cybersecurity?

The Legal and Regulatory Context

What Are the Main Cybersecurity Measures and Technologies to Adopt?

Leading Cybersecurity Solution Vendors and Service Providers for the Financial Services Sector

  • Cybersecurity software providers
  • Cybersecurity service providers

PAC’s Recommendations

  • Recommendations for IT providers
  • Recommendations for IT users
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Kristina Mikhnevich
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Wolfgang Schwab

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