March 23, 2026
How Supply Chain Attacks Are Leading to Ransomware in Financial Institutions
The last two years have brought to the fore a hot favorite among cybercriminals – Supply Chain Attacks. And what better than to target the supply chains of banks and financial institutions. After all that’s where the money is. Instead of breaching a bank’s network directly, attackers target vendors, software providers, or service partners connected to financial systems. Once a trusted partner is compromised, attackers use that access to move into banking networks and deploy ransomware. The trend is accelerating. In 2025, Cyble researchers recorded 6,604 ransomware incidents globally, a sharp increase from the previous year. At the same time,




