Keeping the pandas, kittens and spiders out of the financial services industry: A hot target for cyber criminals and nation-states in 2021 By Scott Jarkoff 04 May 2021
Even before the global pandemic, financial services companies were subject to unparalleled levels of cyber threat. The World Economic Forum’s
Global Risks Report 2020 found that 76 per cent believed that the risk of cyber attacks would rise throughout last year.
Perhaps unsurprisingly, this threat has increased during the global pandemic. CrowdStrike’s
2021 Global Threat Report found that “interactive intrusions”, those driven by human, hands-on techniques, have increased fourfold in just two years. Of these, e-crime attacks, those non-nation-state actors motivated by financial gain, made up 79 per cent of all attributable attacks.