Many global financial services organizations are targeted by sophisticated cyberattackers in an attempt to steal critical data and personally-identifiable information (PII), according to Vectra.

Vectra disclosed that cyberattackers build hidden tunnels to break into networks and steal information. These tunnels are used to remotely control an attack, known as command-and-control, and steal data, known as exfiltration, while remaining largely undetected.

Security breaches across multiple industries continue in an upward trajectory, and the financial services industry is no exception. But while financial services firms didn’t experience the same volume of breaches as other industries, they still face considerable risk as lucrative targets of cyberattackers in search of a windfall.