Financially motivated attacks continued to drive the bulk of cyber incidents against banks, insurers, and payment processors in 2025. Approximately 90% of breaches affecting financial institutions carried a financial motive, with data breaches accounting for roughly 64% of incidents and ransomware making up the remaining 36%. The average cost of a data breach in the sector reached $5.56 million per incident, placing finance second among all industries by breach cost. Personal data was the most … More →
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