Digital Finance Under Siege: Cybersecurity Threats & Regulatory Shifts

Digital Finance Under Siege: Cybersecurity Threats & Regulatory Shifts

The third week of September 2025 served as a potent reminder of the dynamic and often challenging landscape of digital finance. It was a period marked by both escalating cyber threats and significant regulatory progress, underscoring a continuous cycle of attack, adaptation, and formalization within the financial industry. Scattered Spider Resurfaces with Enhanced Tactics Despite previous reports of its disbandment, the notorious cybercrime group Scattered Spider has made a concerning return, once again targeting the financial sector. A recent report by ReliaQuest indicates that the group initially gained access by exploiting Azure AD Self-Service Password Management through sophisticated social engineering. From this initial foothold, they exhibited advanced lateral movement capabilities, leveraging VPNs, exploiting VMware vulnerabilities, and attempting data exfiltration from critical cloud platforms like Snowflake and AWS. This resurgence suggests that the group's earlier "r…