The financial services industry heavily relies on networks,leading to a significant improvement in service efficiency.With the growing dependency on digital financial services,cyber security becomes a paramount concern in the sector.At the same time,due to potential gains,this industry is increasingly becoming a prime target of cyberattacks.The paper begins by analyzing the risk challenges and tangible threats to cyber security in the financial services industry.It then summarizes the types of cyber security threats in the financial services industry and offers strategic considerations to address these challenges.
financial services industrycyber securityrisk and threatresponse strategy