Shadow AI, deepfakes, and supply chain compromise are rewriting the financial sector threat playbook (opens in new tab)

Financially motivated attacks continued to drive the bulk of cyber incidents against banks, insurers, and payment processors in 2025. Approximately 90% of breaches affecting financial institutions carried a financial motive, with data breaches accounting for roughly 64% of incidents and ransomware making up the remaining 36%. The average cost of a data breach in the sector reached $5.56 million per incident, placing finance second among all industries by breach cost. Personal data was the mos...