Ransomware Raises The Bar Again

Ransomware just got even more real: it’s now the number one attack vector in the financial services sector which traditionally has been considered a model industry for best security practices.

Some 55% of financial services firms recently surveyed by SANS report ransomware as the top attack threat, followed by phishing (50%), which previously held the top spot. More than 32% of financial firms say they’ve lost anywhere from $100,000 to a half-million dollars due to ransomware attacks.