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Cybersecurity in Banking – Thematic Research

Cyberattacks are becoming ever more sophisticated, with the threat of AI-powered attacks looming. Phishing attacks prey on vulnerable and naïve customers. For cybercriminals, ransomware is the most lucrative type of attack. Due to the sensitive personal data they hold, banks must do everything possible to prevent and respond to cyberattacks. This is why it is now imperative that banks have a robust cybersecurity strategy supported by leading infrastructure and security services.


Cyber-aware financial services providers define their defensive positions in five key areas: resilience, vigilance, security, identity and trust, and risk awareness.

Priority cyber investments for banks center on channel and access and infrastructure, split across device security, user and identity, security services, and security engineering .

Global security revenues in retail banking will reach $9.8bn by 2024, up from $7.9bn in 2019.

Reasons to Buy

Identify key players within the cybersecurity value chain

Understand key business challenges driving cybersecurity spend in banking

Learn about priority cybersecurity investment areas for incumbent banks, supported by case study insight

Access proprietary market sizing and growth forecast data for cybersecurity in banking.

Companies Mentioned

IBM, Check Point, Palo Alto Networks, Amazon, Google, Microsoft, BAE Systems, CrowdStrike, Forcepoint, Fortinet, Sophos, Idemia Thales, Accenture, Lexis-Nexis, FiVerity, Checkmarx, Armis, Thales, Idemia, iSignthis, One Identity, CyberArk, Trustwave, Wipro, HSBC, CaixaBank, Goldman Sachs, Danske Bank, Santander, DBS Bank, Deutsche Bank

Table of Contents


Executive summary

Cybersecurity value chain

Key players in the cybersecurity value chain

The cyber-aware organization

The cybersecurity organizational stack

Banking challenges

The impact of cybersecurity on banking

Case studies

BGL BNP Paribas

Danske Bank fights fraud with deep learning and AI

Banco Santander used IBM to secure its mobile applications

Market size and growth forecasts

Cybersecurity timeline


Leading cybersecurity adopters in banking

Leading cybersecurity vendors

Public companies

Private companies

Specialist cybersecurity vendors in banking


Further reading

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