Title image of report cover for Financial Services cyber threat forecast September 2024

Critical Threats and Vulnerabilities in Financial Services

Analyzing recent KEVs and analysis from the FortifyData platform on what we are actively seeing at banks, credit unions and other financial services this report can proactively guide Cyber and IT teams in addressing these vulnerabilities.

> Review of 19 new CVEs

> Simple recommendations to address the trending threats during the report period

Critical KEVs in use by threat actors targeting the financial industry

Based on in-depth analysis of data from numerous financial institutions being assessed in the FortifyData platform, FortifyData has identified the top 5 high-risk Known Exploited Vulnerabilities (KEVs) that disproportionately impact the sector. These vulnerabilities pose significant threats to the security and integrity of financial services organizations.

Financial institutions are strongly advised to prioritize patching these KEVs as soon as possible. While government agencies are typically required to patch within 3 weeks of a KEV’s publication, the financial sector should consider implementing a more aggressive patching schedule to mitigate risks effectively.

As financial services organizations continue to navigate a complex threat landscape, it is essential to address the evolving tactics employed by cybercriminals. This report provides an analysis of the latest trends in phishing attacks, ransomware incidents, and supply chain vulnerabilities. By understanding these threats and implementing appropriate countermeasures, financial institutions can protect their sensitive customer data, maintain operational resilience, and safeguard their reputation.n