Kaspersky's Global Research and Analysis Team constantly monitors known and emerging cyberthreats directed at the financial industry, with banks and fintech companies being the most targeted. We also closely follow threats that aim to infiltrate a wider range of industries, namely ransomware families that are financially motivated. These observations, as part of our Kaspersky Security Bulletin, help us devise predictions about how the financial cyberthreat landscape will change over the year. This report outlines notable attack trends we expect to face, to help businesses and individuals protect from them. Let's first look into our predictions for 2024 to see how they turned out, explore the key events in the financial cyberthreat landscape during the year, and then try to predict the trends for 2025. How accurate were the 2024 predictions? Increase in AI-powered cyberattacks ✅ True The prediction that anticipated an upsurge in cyberattacks leveraging machine learning tools turned out to be true. In 2024, we saw cyberattacks boosted by AI emerge not only through emails, manipulated ads, phishing attacks (approximately 21% of phishing emails are now generated by AI) and other content, but also as an effective way to bypass biometric authentication. Machine learning tools allowed criminals to open new accounts using leaked data, impersonating the victims and bypassing security mechanisms used in the KYC (know-your-customer) process, manipulating and changing faces,…Read More