This report uncovs critical insights into the escalating cybersecurity crisis facing the global financial sector. It shows that financial institutions face a perfect storm of AI-enhanced attacks, credential theft and supply chain vulnerabilities that pose systemic risks to the global financial industry. The research reveals almost all (97%) of major U.S. banks experienced third-party breaches in 2024, while targeted intrusions against financial institutions increased by 109% year-over-year. Most concerning, tests in large financial institutions found that nearly 45% of employees were likely to click on a malicious link or download an infected file, creating entry points for threat actors.

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