GTG - Malta Law Firm reposted this
IMP: Key takeaways from the ENISA Threat Landscape report on the finance sector. The latest #ENISA Threat Landscape report for the finance sector paints a stark picture: cyber threats targeting financial institutions are more aggressive and sophisticated than ever. 🔹 488 reported cyber incidents—European banks were the primary targets (46%), followed by government finance entities (13%) and individuals (10%). 🔹 DDoS attacks on the rise—58% targeted banks, many linked to geopolitical events. 🔹 Data breaches & leaks—A top concern, exposing sensitive data, triggering financial loss, and regulatory penalties. 🔹 Social engineering scams booming—Phishing, smishing, and vishing campaigns affecting individuals (38%) and financial institutions (36%). 🔹 Fraud and crypto-related cybercrime surging—From deepfake scams to AI-powered fraud, financial crime is evolving fast. 🔹 Ransomware & malware threats persist—Service providers (29%) and insurance firms (17%) hit hardest, causing financial losses and operational disruption. 🚨 The takeaway? Financial institutions must step up their cybersecurity game: ✅ Invest in advanced threat detection and incident response ✅ Strengthen regulatory compliance (GDPR, NIS2, DORA) ✅ Enhance employee training and multi-factor authentication ✅ Fortify third-party risk management to protect supply chains ✅ Foster collaboration and intelligence sharing across the sector The stakes have never been higher. Cyber resilience isn’t optional—it’s mission-critical. GTG - Malta Law Firm #CyberSecurity #Finance #ENISA #DataBreach #CyberThreats #Ransomware #FraudPrevention #DORA #NIS2 #CyberResilience #RiskManagement #Fintech
