I N D U S T R Y G U I D E Modern Bank Robbers Are Zeroing in on Financial Services Banks, investment houses, retail brokerages, lenders, fintech startups and other financial services institutions are the proverbial “big game” for cybercriminals. The reason is simple: That’s where the money is. Financial services was the top industry targeted by cybercriminals for five consecutive years of 2016- 2020, according to an IBM report. In 2021, financial services accounted for 22.4% of attacks, in second place just behind manufacturing – but still very much a prime target for ransomware and other cyberstrikes. Of attack types, ransomware was far and away the most prevalent in financial services, accounting for 36 percent of attacks across all industries, IBM reported. Ri

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