Are cybercriminals targeting banks with ransomware?

Ransomware is the latest tool in the cybercriminal’s arsenal, but it has, to date, largely been used to target consumers. Could it now be used to hit banks and other financial institutions too? We take a closer look.

In the last year to 18 months, ransomware has emerged as a serious tool for cybercriminals, and, in turn, developed into a growing concern for security-savvy citizens and business chief information security officers (CISOs).

Are cybercriminals targeting banks with ransomware?