Enisa Threat Landscape Report found that ransomware and attacks against availability rank the highest during the reporting period , with phishing being the most common vector for initial access .

Another report found that 55 % of financial institutions were hit by ransomware within the last year , a 62 % increase on the previous year . According to the same research , financial institutions received some of the lowest payouts from insurance companies following breaches , meaning it really is important to launch a good counter-defence to cyberattacks .

A way to safeguard against ransomware attacks is by using regular backups , both in-cloud and on premises , allowing quick recovery of data – though this can ’ t defend against the very real possibility of having your data leaked on the dark web or threat actors exploiting other vulnerabilities .

ENISA THREAT LANDSCAPE REPORT EU AGENCY ON CYBERSECURITIES fintechmagazine . com 45