Cybercriminals are targeting financial institutions

Financial services are prime targets for cybercriminals due to the sensitive nature of the data, high transaction volumes, and stringent regulatory pressures. Being prepared for targeted cyberattacks and ransomware requires comprehensive prevention, detection, and recovery.

65%*

of financial services institutions were hit by ransomware in 2024

*Sophos, The State of Ransomware in Financial Services 2024

$152M*

is the annual cost of downtime for financial services organizations

*Splunk, The Hidden Costs of Downtime in Financial Services (2024)

Up to $2M*

is the potential financial penalty institutions face by failing to follow FFIEC guidelines

*fTLD Registry Services, LLC

Increased ransomware attacks

Increased ransomware attacks

Cybercriminals are increasingly targeting financial institutions since they have sensitive financial data and rely on uninterrupted services for their customers to conduct financial transactions, making them vulnerable to pay ransoms if operations get disrupted.

65%*

of financial services institutions were hit by ransomware in 2024

*Sophos, The State of Ransomware in Financial Services 2024

High downtime costs

High downtime costs

Service interruptions can lead to substantial financial losses, reputation damage, and customer churn in a sector where uptime is critical to conduct everyday financial transactions.

$152M*

is the annual cost of downtime for financial services organizations

*Splunk, The Hidden Costs of Downtime in Financial Services (2024)

Regulatory alignment

Regulatory alignment

Financial institutions must comply with stringent, complex, and evolving regulations such as GLBA, SOX, and FFIEC, in addition to industry-agnostic regulations. Maintaining alignment with these requirements often demands significant investment in IT resources to avoid penalties.

Up to $2M*

is the potential financial penalty institutions face by failing to follow FFIEC guidelines

*fTLD Registry Services, LLC

Ransomware protection
Compliance
Cost efficiency
AI-powered protection
Threat Hunting

Ransomware protection

N‑able solutions help keep financial data and systems secure with automated patching, real-time threat detection, and immutable backups.

N‑central RMM

Automated patching and monitoring help defend endpoints from advanced ransomware threats.

Adlumin Security Operations

Real-time detection and response protect sensitive data and help ensure business continuity.

Cove Data Protection

AES-256 encrypted, immutable, isolated backups safeguard data against ransomware attacks targeting your backups.

Adlumin installed in minutes, gave me complete visibility of my network from in the office or remotely at home, made it easy for me to customize alerts and respond in real time, giving my financial institution exactly what we needed for security and compliance.

Tom Gregor Vice President & Chief Information Officer Financial Plus Credit Union

Compliance

Secure-by-design products and hands-on support help financial institutions streamline regulatory reporting, enhance operational resilience, and navigate complexities of cybersecurity frameworks (NIS2, Cyber Essentials, Essential Eight, and others).

N‑central RMM

Built-in automation, granular roles and permissions, and audit logging help enhance operational resilience and regulatory reporting.

Adlumin Security Operations

Helps ensure adherence to regulations with quick access to comprehensive reports supporting auditor requests and compliance requirements, including FFIEC and PCI-DSS.

Cove Data Protection

Fortified Copies, mandatory MFA, and long-term data retention help support compliance with financial industry regulations and more.
Cloud Efficiency

Cost efficiency

N‑able helps financial institutions cut IT costs and reduce tool sprawl with unified endpoint management, streamlined backup, and enterprise-grade security operations.

N‑central RMM

Combines 10 IT tools into one platform to reduce tool sprawl and boost efficiency.

Adlumin Security Operations

Cloud-native design cuts infrastructure while delivering enterprise-grade security.

Cove Data Protection

Unified, multitenant backup management reduces operational overhead and simplifies data protection across branches.

The cyber expertise of the people [at Adlumin] is very impressive... the vision cast of where the product is going, and the roadmaps they shared with us, was critical in our selection.

Jill Burkeen Information Security Officer United Southern Bank of Kentucky

AI-powered protection

N‑able delivers AI-driven security, automation, and anomaly detection to help financial institutions prevent threats, protect backups, and maximize uptime.

N‑central RMM

AI-assisted scripting and automation accelerate secure workflow deployment.

Adlumin Security Operations

Machine learning and behavioral analytics detect threats early to prevent escalation.

Cove Data Protection

Built-in anomaly detection alerts teams to threats targeting your backup environment before recovery is impacted.

N‑able’s holistic resilience model

N‑able provides a holistic resilience solution set covering endpoints, security operations, and data protection to reduce risk, contain threats, and ensure secure, uninterrupted service. Together, these layers deliver a resilience framework that helps institutions anticipate, contain, and recover from cyberattacks.

Secure data. Smarter IT. Trusted by finance.

Learn how modern financial institutions get enterprise-grade cybersecurity with N‑able

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