Financial institutions hold vast amounts of sensitive customer information which makes them a prime target for ransomware attacks.
These attacks can be devastating resulting in operational disruption to critical systems and data, making them inaccessible. This can halt financial transactions, customer services, and other essential operations, leading to significant delays and disruptions. In addition, the digital transformation in the financial sector has expanded the attack surface, making it easier for cybercriminals to find vulnerabilities to exploit.
Ransomware attacks have evolved to include double and triple extortion tactics, as well as Distributed Denial of Service (DDoS) attacks. These sophisticated methods make it harder for institutions to defend against and recover from attacks. Given these factors, it’s crucial for financial institutions to invest in robust cybersecurity measures and stay vigilant against evolving threats.
65%
of financial services organizations were hit by ransomware in 2023
$2.58m
the average cost to recover from a ransomware attack in this sector in 2024
76%
of ransomware attacks result in data encryption and exfiltration
Think your organization is protected from the growing risk of ransomware? Find out for sure.
Data security within financial services is crucial to ensure uninterrupted operations and protect sensitive information. However, with an increasing number of entry points and preventative solutions struggling to keep up with the evolving variants of ransomware and their innovative delivery methods, it is inevitable that ransomware will eventually breach defenses.
Utilizing 28 detection sensors and advanced machine-learning capabilities to instantly identify unauthorized encryption and data exfiltration, BullWall serves as the final line of defense against ransomware that has bypassed initial security measures. The solution works by automatically quarantining the compromised user(s) and isolating the attack to prevent further spread. By halting encryption within seconds, BullWall ensures continuous operations with zero downtime for financial services.
Having lived through a ransomware attack and seeing the devastation it caused and the time it took to recover, it is something I never want to experience again.- IT Security Director of Large UK Bank
BullWall uses 28 sensors and machine learning to monitor file activity and identify abnormal events.
BullWall stops active attacks, quarantine the infected user & device, and protect your critical IT infrastructure.
BullWall notifies your IT team within seconds and provide a report of compromised devices and files to expedite recovery.
BullWall eliminates ransom demands by stopping malicious encryption in seconds.
BullWall minimizes extortion and protects PHI by preventing malicious data exfiltration.
BullWall thwarts and isolates attacks before the damage can spread, so there’s no downtime.
The only solution of its kind
BullWall is designed to be easy to implement and operate, enabling financial services organizations to respond quickly to an attack and reduce downtime. The agentless, lightweight solution integrates seamlessly into your existing security solutions and provides 24/7 fully automated ransomware protection.
BullWall is currently protecting 30,000+ financial professionals around the world, enabling them to:
Financial institutions are prime targets for ransomware attacks due to the vast amounts of sensitive customer information they hold. The consequences of these attacks can...
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Major European Finance Company $35.8 Million with BullWall
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Financial institutions hold sensitive information, making them a prime target for ransomware.
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