65% of Financial Organizations Targeted by Ransomware as Cybercriminals Escalate Attacks

The financial sector remains a prime target for cybercriminals, safeguarding not only vast sums of money but also sensitive personal data, payment systems, and economic trust. Recent reports highlight escalating threats, with 65% of financial organizations hit by ransomware in 2024, the highest rate across industries, while average recovery costs excluding ransoms reached $2.73 million. […]

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