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Why ransomware attacks on banks are surging & how to fight back

Plus: The shared responsibility model in cloud security

Author

Marina Mouka
May 27, 2025

Daily Digest

 

FROM THE MARKET

 

EDITOR’S PICKS

INSIGHTS
The shared responsibility model in cloud security
Cloud security in finance operates under a shared responsibility model. This article explains the shared responsibilities between financial institutions and cloud providers. It clarifies the duties of each party regarding data security, infrastructure security, and compliance.

 

THE BIG INTERVIEW

Q&A: Cyber crisis management with Microsoft's Chief Security Advisor
In an era where cyber threats loom larger and evolve faster than ever, fintech organizations stand at a critical juncture. What does it take to not only weather a cyber storm but emerge stronger? This exclusive interview dives into the crucial, yet often overlooked, motivations of threat actors. It outlines the ideal crisis response framework for fintechs, identifies common blindspots in incident response plans, and explores the hallmarks of effective leadership during high-stakes security incidents.

 

WE’RE ALSO READING

 

CLOUD SECURITY IN FINANCE

Cloud Security Market Expands as Demand for Advanced Cyber Protection Grows
The global cloud security market, driven by a forecasted CAGR of 10.0% through 2031, addresses critical threats to cloud-based infrastructure, data, and applications, yet faces constraints from a global skills shortage and regional awareness gaps. Major industry players including Intel Security, Symantec, and Panda Security are targeting growth regions with new product launches across diverse deployment models.

 

WHAT WE'RE LISTENING TO

CYBER DAILY
Prioritizing Cyber Security and Privileged Access Safeguards Critical Business Operations
Thomas Fikentscher of CyberArk highlights the critical necessity of embedding cybersecurity, including privileged access management and thorough hardware patching, into core business processes, stressing that oversight can jeopardize critical infrastructure and financial performance.
Listen here

 

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