Ransomware has become one of the most formidable cybersecurity threats facing financial institutions today. Once viewed as a minor nuisance, ransomware has rapidly evolved into a powerful weapon used
by cybercriminals to exploit sensitive financial data, disrupt operations, and demand exorbitant ransoms. In the past year alone, more than 4,000 new victims of ransomware have been recorded — and financial institutions, given their vast repositories of high-value data, remain at the top of attackers’ target lists. To safeguard against this ever-present threat, institutions must adopt a proactive and comprehensive defense that goes beyond traditional perimeter security.