Cloud App Adoption: While the average user in the financial services sector interacts with 25 different apps per month, Microsoft OneDrive is the most popular app by a large margin, with 54% using it on any given day, with 22% uploading data to and 23% downloading data from OneDrive daily.
Cloud App Abuse: 63% of malware downloads come from cloud apps in the financial services sector, with OneDrive leading the pack due to its overall popularity in financial services. Only the telecommunications sector has a higher percentage of cloud malware downloads.
Malware & Ransomware: Attacks primarily targeted users in the financial services sectors with Trojans to trick them into downloading other malware payloads. FormBook, Valyria, and Razy were among the top Trojans, while other common malware families included the infostealers AgentTesla and Redline, and the Hive ransomware.