NATION-STATE CYBER ATTACKS: Financial services are an easy target

THE FINANCIAL SERVICES industry, along with government and telecommunications sectors, frequently finds itself in the crosshairs of nation-state threat actors. These actors are driven by political or nationalistic motivations, shaping their objectives and strategies. For instance, we’ve seen Chinese threat actors align their actions with China’s five-year plan, as well as the Made in China 2025 initiative. Observations by CrowdStrike’s OverWatch Threat hunting team reveal a surge of +130% in nation-state intrusions against APJ-based financial services entities in 2022.