FINANCE
Trust is the only currency we have
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Finance
$6.08MAverage cost of a data breach in the financial sector, among the highest across all industries
24 daysAverage ransomware recovery downtime impacting business continuity and revenue
$5,600–$9,000Estimated cost of IT downtime caused by cyber incidents across financial sector
IMPACT
How Cyberattacks affect Finance
Financial breaches cause major losses and disruption, draining capital, halting services, and spreading risk quickly across markets and the wider economy.

Disrupt Digital Banking & Payments

Outages in core banking, internet banking, card processing, SWIFT and SEPA gateways can halt payments, block card transactions and leave customers unable to access their money – sometimes for days.

Trigger Fraud and Account Takeovers

Compromised credentials, phishing and malware can lead to unauthorized transfers, fake loans, card fraud and stolen insurance payouts – creating direct financial losses and complex recovery processes.

Create Regulatory, Legal and Capital Strain

After a breach, institutions face investigations, supervisory actions, reporting obligations, potential GDPR/DORA fines, litigation and rising cyber-insurance and capital costs.

Expose Highly Sensitive Financial Data

Customer identities, KYC documents, credit histories, transaction patterns and pricing models can be stolen, leaked or sold. This fuels further fraud, insider trading risks and long-term privacy damage.

Damage Brand and Market Confidence

In a sector built on trust, high-profile incidents can trigger customer churn, funding pressure and long-term reputational damage that no marketing campaign can quickly repair.

Why the Financial Sector Is Targeted
From the attacker's perspective, banks, insurers, payment providers and fintechs are high-yield targets: they combine direct access to money with rich data and strict time pressure to restore operations.
THREAT LANDSCAPE
Key Cybersecurity Threats in the Financial Sector
Financial institutions face a wide spectrum of attack vectors. Key threats include:
Ransomware Disruption and Cyber Extortion
Cloud Misconfiguration Security Risks
AI-Enhanced Fraud Attacks
Cybercrime-as-a-Service Industry
Advanced Phishing and Social Engineering
Identity and Credential Compromise
Third-Party and Supply Chain Attacks
Service Disruption Attacks (DDoS)
FRAMEWORKS
Regulatory and Compliance Considerations
Europe's financial regulators impose strict cyber-resilience requirements.

DORA (Digital Operational Resilience Act)

Adopted in 2022 and applicable from January 2025, DORA establishes a unified EU framework for ICT risk management in financial entities. It mandates incident reporting, digital resilience testing, third-party risk oversight, and governance accountability for operational continuity.

NIS2 Directive (Directive (EU) 2022/2555)

Entered into force in January 2023, with transposition required by October 2024, NIS2 expands cybersecurity obligations across essential sectors, including finance. It requires risk management measures, mandatory incident reporting, supply chain security, and executive-level accountability.

PSD2 (Revised Payment Services Directive)

Effective since 2018, PSD2 regulates electronic payments in the EU and introduces strong customer authentication (SCA). It mandates secure APIs for open banking, enhances consumer protection, and enforces controls to reduce fraud in digital payment services.

GDPR (General Data Protection Regulation)

Enforced since May 2018, GDPR governs the processing and protection of personal data across the EU. It mandates lawful data handling, breach notification within 72 hours, data subject rights and significant penalties for non-compliance, up to 4% of global turnover.

WHAT WE OFFER
Here's how we can help.
Security Integration
  • Deploy unified security controls across endpoint, network, and cloud.
  • Enforce IAM with MFA and least privilege access.
Cyber Defense
  • Detect and respond to threats in real time with SIEM and EDR.
  • Monitor user and system activity to identify and contain anomalies.
Offensive Security
  • Identify vulnerabilities through targeted penetration testing.
  • Validate defenses using adversary simulation techniques.
Advisory Services
  • Implement ISO 27001-aligned ISMS for governance and compliance.
  • Define risk-based security strategies aligned with NIST Cybersecurity Framework, NIS2 and DORA.
WHAT WE OFFER
Here's how we can help.
Security Integration
Security Integration
  • Deploy unified security controls across endpoint, network, and cloud.
  • Enforce IAM with MFA and least privilege access.
Cyber Defense
Cyber Defense
  • Detect and respond to threats in real time with SIEM and EDR.
  • Monitor user and system activity to identify and contain anomalies.
Offensive Security
Offensive Security
  • Identify vulnerabilities through targeted penetration testing.
  • Validate defenses using adversary simulation techniques.
Advisory Services
Advisory Services
  • Implement ISO 27001-aligned ISMS for governance and compliance.
  • Define risk-based security strategies aligned with NIST Cybersecurity Framework, NIS2 and DORA.
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Contact
Let's talk Cyber Resilience
  • Share your security challenges with us.
  • Engage with a cybersecurity consultant.
  • Explore customized protection and pricing options.
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IBMSANSCRDFMinistria e MbrojtjesNATOMEIStartupAlbania

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