Geopolitical Impact on the Future Global Financial Sector: How Cybersecurity Providers Should Realign

R. Muru

Summary Bullets:

  • The global financial sector continues to experience exponential increases in cyber-attacks, influenced by geopolitics and the recent Russia invasion of Ukraine.
  • Cybersecurity vendors should not be complacent because of recent positive performances if they are to stay relevant and drive future growth in the financial sector.

Exponential Cyber-Attack Increases in the Financial Sector

The global financial sector has experienced an exponential rise in cyber-attacks over the last four years.  Today, this is even more of an issue both from sector and geopolitical perspectives, and Russia’s recent invasion of Ukraine further impacts geopolitical order with a high number of DDoS attacks on both Russian and Ukrainian targets, including the Ukrainian Defense Ministry and Ukrainian banks PrivatBank and Oschadbank. Continue reading “Geopolitical Impact on the Future Global Financial Sector: How Cybersecurity Providers Should Realign”