

Financial Services Top 4 Cybersecurity Threats
In 2023, 94% of financial services CISOs expressed concern about personal liability for cybersecurity incidents, highlighting the immense pressure in this sector. To manage these anxieties, it’s crucial for CISOs to focus on the most significant threats. Splunk has identified four key cybersecurity risks facing financial institutions:
1. Account Takeovers: Threats can come from third-party vendors, employees, remote workers, and contractors, making access points vulnerable.
2. Business Email Compromise (BEC): Cybercriminal syndicates target financial services with the primary aim of stealing large sums of money through email scams.
3. Insider Threats: Disgruntled employees or those with ulterior motives, such as greed or revenge, pose significant risks by exploiting their access.
4. Social Engineering Attacks: These attacks manipulate human errors, tricking users into granting access to customer accounts, leading to potential breaches.
By addressing these threats, financial services CISOs can help reduce their personal risk and protect their organizations.
Download the full PDF for more insights.