"Cyberthreats, Regulations Mount for Financial Industry"

The cybersecurity landscape for financial institutions and finance technology (fintech) has shifted significantly over the past several years, and this trend is projected to continue in 2023. According to a report published by the Financial Services Information Sharing and Analysis Center (FS-ISAC) and Internet infrastructure company Akamai, the number of Distributed Denial-of-Service (DDoS) attacks against financial institutions increased by 22 percent worldwide in 2022 compared to the previous year. According to the research, 73 percent more DDoS attacks were launched against European financial institutions. When geopolitical tensions are high, as they have been since Russia invaded Ukraine, DDoS attacks are increasingly employed as a diversionary technique, according to Teresa Walsh, head of intelligence at the FS-ISAC. This article continues to discuss the increase in cyber threats facing financial services and technology firms. 

Dark Reading reports "Cyberthreats, Regulations Mount for Financial Industry"