What is Financial Services Cybersecurity? Threats and Defenses | UpGuard

This report outlines the evolving cybersecurity risk landscape for mid-market financial services, highlighting systemic threats—ransomware (double extortion), credential theft and ATOs, supply-chain "island-hopping", insider misuse, Layer 7 DDoS, and APT campaigns targeting settlement and interbank systems—while linking these threats to regulatory drivers (DORA, GLBA, SEC, NYDFS) and prescribing best practices such as Zero Trust architecture, immutable backups, PAM/JIT, EASM, STIX/TAXII threat feeds, and automated compliance and intelligence-led operations.