Key threats include ransomware, advanced persistent threats (APTs), and exploitation of cloud security vulnerabilities. Notably, ransomware groups like BlackByte have proven difficult to defend against, with prevention rates as low as 17%. Financial institutions face challenges from resource limitations, data overload, and the need to adapt to emerging technologies such as generative AI, which introduce new vulnerabilities. To strengthen defenses, experts recommend adopting Continuous Threat Exposure Management (CTEM), enhancing log and alert validation, rationalizing cybersecurity spending to maximize ROI, and simulating real-world attack scenarios to identify vulnerabilities proactively. Regulatory compliance and threat intelligence integration are also critical.

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