Financial sector is among the top targets for cyberattacks. Lone actors and criminal groups initiate attacks to steal money from individual bank accounts. Rival states and ideological opponents can aim to gain classified data, cause disruptions in financial systems and provoke panic among citizens. The overwhelming expansion of online solutions means the exponential growth of risk factors and vulnerabilities. In 2022, the challenges of cybersecurity in the financial sector have evolved together with industry developments. Among other threats, the six most significant are: 1)State-sponsored attacks 2)Ransomware 3)Unencrypted data 4)Third-party software vulnerabilities 5)Social engineering 6)Insider threats Keep those six points in mind when building a reliable protection system for the IT environment of your financial organization.