In 2020, the most common incidents that financial organizations suffered regarding data in the cloud were phishing attacks (reported by 26%) and targeted attacks on cloud infrastructure (22%) and ransomware (15%) Among financial organizations that experienced a data breach, 20% had to cover unplanned expenses to fix security gaps, 19% faced compliance fines and 17% experienced customer churn. The report also revealed that 59% of financial organizations consider understaffed IT and security teams to be the major reason they struggle to secure data.
Source: https://www.helpnetsecurity.com/2021/04/08/financial-organizations-cloud/

