These attacks are not solely the concern of financial service organizations Sophos, 34% of financial services that were surveyed indicated that they had been hit by Ransomware in 2020, and 51% of those attacks succeeded in encrypting organizational data. Of ransomware like LockBit 2.0, financial services need to be more alert than ever. With the emergence of ransomware-for-hire and the global proliferation With the rise of ransomware globally, every organization has been feeling the pressure but fewer have felt the pain quite like financial institutions and financial service providers.
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