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Financial services hit by rise in cyber attacks in 2022

Hacker attacking internet
Photo: Getty Images

While ransomware and DDoS attacks hit financial services hard in 2022; Malware-as-a-Service, AI, and crypto are forecast to have the most impact on cybersecurity this year.

Last year, Denial-of-Service (DoS) and Distributed DoS (DDoS) attacks increased globally, as did ransomware attacks, according to a new report from the Financial Services Information Sharing and Analysis Center (FS-ISAC). “What 2022 lacked in innovation, it made up for in volume”, it says.

The report’s research suggests rising attacks are likely