Report
Cyber Risk in Finance and Banking Across EMEA
How emerging technologies and rising threats are redefining risk in the EMEA finance and banking sector
The finance and banking sector across EMEA is facing an unprecedented surge in cyber risk as rapid digital transformation, AI adoption and increasingly sophisticated attackers reshape the threat landscape. KnowBe4’s new report, Cyber Risk in Finance and Banking Across EMEA, reveals why financial institutions must strengthen human risk management to stay resilient against evolving threats.
Key findings include:
- Rising attacks and costs: One of the most targeted sectors, with breach costs averaging $5.56M and long ransomware downtime.
- AI-driven threats escalating: Attackers now use AI, deepfakes and CaaS to launch more convincing BEC and phishing campaigns.
- Human-focused attacks prevail: Social engineering remains the top entry point, reinforcing the need for strong employee readiness.
- Widening digital attack surface: AI adoption, third-party reliance and data-heavy systems increase exposure and operational risk.
Read the full report to understand today’s top cyber risks across EMEA and learn the human-centric strategies financial institutions need to build lasting resilience.
Topics
Threat Intelligence
Cyber Threats
Digital Transformation
Finance