Financial Sector’s Weakest Link? Third-Party Vendors, Says New Black Kite Report
Banks may be tightening their digital vaults, but the doors to their third-party vendors are wide open. That’s the unsettling takeaway from Black Kite’s latest report, 2025 State of Financial Services: Hidden Dangers in the Vendor Ecosystem. While direct ransomware attacks on financial institutions are declining, the report finds attackers are increasingly exploiting security gaps among vendors—giving threat actors a backdoor into the financial sector.
