Fog, RedFox, and the Rise of Silent Intruders: Cyberattacks Surge Against Financial Institutions

The financial services industry is under siege. In this episode, we unpack the latest findings from Radware’s 2025 Financial Threat Analysis and multiple intelligence reports detailing a relentless rise in cyberattacks targeting banks and financial institutions across the globe.We examine the surge in sophisticated attacks that blend legitimate tools with malicious intent—an approach known as "living off the land"—featuring the emergence of new ransomware strains like Fog and RedFox. These campaigns exploit compromised VPN credentials, sideload DLLs through trusted applications, and evade defenses with stealthy tactics that cripple online banking systems, ATMs, and trading platforms.From the 9,000% increase in DDoS attacks in APAC to targeted breaches like the ABDA Insurance attack in Indonesia, we analyze the global scope of these threats. We also dig into the tactics of state-aligned groups like Moonstone Sleet and APT28, who are now weaponizing ransomware and advanced loaders to further geopolitical aims.Tune in for a detailed breakdown of the actors, tactics, and tools defining this new wave of financial sector cyber warfare—and learn the key mitigation strategies experts recommend to stay ahead of these escalating threats.