Could 2025 be the year that reshapes cybersecurity in the financial services industry for good? With increasingly sophisticated cyber threats and emerging technologies like AI impacting every sector, many believe the financial services industry is on the brink of a major transformation. If that’s the case, the industry must adapt, reports FinTech Futures.
According to Cybersecurity Ventures, global cybercrime costs will reach $10.5 trillion annually by 2025. This growing threat landscape is driving a fundamental shift in cybersecurity strategies.
As Mikko Hypponen, a global security expert, speaker, and author, says: “Financial institutions must recognise the simple fact. The traditional approaches are no longer sufficient. The game has changed. And 2025 could be the year the industry finally catches up.”
Toni Trpkovski, a Cybersecurity expert in Stockholm, Sweden puts cybersecurity in finance under scrutiny for FinTech Futures and ponders if 2025 will be a year of major changes.
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