The financial services industry is a prime target for cybercriminals, facing a myriad of sophisticated threats that put sensitive data and operations at risk. According to the Trellix CyberThreat Report: June 2023, the financial services sector was among the most targeted industries for ransomware and Advanced Persistent Threat (APT) attacks, accounting for 17% of ransomware detections in the first quarter of 2023. This ongoing threat highlights the critical need for robust security measures and compliance with stringent regulations that govern financial data protection.