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Author: Andy Zollo, SVP, Application & Data Security, Thales Cybersecurity Products
For an industry built on trust and security, financial services have always been a prime target for cybercriminals. Yet, despite the constant threat, the sector has made significant strides.
The recent Financial Services Edition of the 2025 Thales Data Threat Report shows a downward trend in data breaches, with only 16% of global financial services organisations reporting a breach in the past year, down from 29% in 2021. In Hong Kong, that number is even lower at 11%.
Yet, threats evolve with the changing landscape. Financial services firms are increasingly concerned about new cybersecurity threats that may be more significant than before. While the cloud remains the key concern today, AI and quantum computing are two increasingly important areas of focus.