Ransomware plagues finance sector as cyberattacks get more complex - Cyber Security News

Read Time:29 Second

Ransomware plagues financial institutions as they face increasingly complex threats over previous years owing to the changing behavior of cybercriminal cartels, according to VMware’s latest Modern Bank Heists report.

This has happened as the cybercrime cartels have evolved beyond wire transfer frauds to target market strategies, take over brokerage accounts, and island-hop into banks, according to the report.

For the report, VMware surveyed 130 financial sector CISOs and security leaders from across different regions including North America, Europe, Asia Pacific, Central and South America, and Africa.

To read this article in full, please click here

More Stories

Uyghur Diaspora Group Targeted with Remote Surveillance Malware

Members of the World Uyghur Congress living in exile were targeted with a spear phishing campaign deploying surveillance malware, according...

Half of Mobile Devices Run Outdated Operating Systems

50% of mobile devices run outdated operating systems, increasing vulnerability to cyber-attacks, according to the latest report from Zimperium Read...

Researchers Note 16.7% Increase in Automated Scanning Activity

According to the 2025 Global Threat Landscape Report from FortiGuard, threat actors are executing 36,000 scans per second Read More

2025 Cyber Resilience Research Discovers Speed of AI Advancing Emerging Attack Types

New Global Data Helps Organizations Move to Cyber Resilience and Shatter Silos It is no secret that AI is advancing...

ISACA Highlights Critical Lack of Quantum Threat Mitigation Strategies

An ISACA survey found that just 5% of organizations have a defined strategy to defend against quantum-enabled threats Read More

FBI Asks for Help Tracking Chinese Salt Typhoon Actors

The US authorities have asked the public to help them unmask China’s Salt Typhoon threat actors Read More