Over 60% of cyberattacks in India now target BFSI and Fintech

BD Soft’s cybersecurity portfolio now includes solutions from leading global and Indian innovators; Axidian, headquartered in Dubai (UAE), for identity governance and privileged access management; FileCloud, based in Austin (USA), for hyper-secure EFSS (Enterprise File Sync & Share) capabilities; GTB Technologies, headquartered in California (USA), for advanced Data Loss Prevention (DLP); and Hunto.ai, based in Mumbai (India), for external threat intelligence and monitoring. Together, these solutions enable financial institutions to strengthen data governance, prevent fraud, meet regulatory obligations, and build resilient security frameworks that safeguard customer trust.

The surge in sector-wide threats is driven by the industry’s dependence on digital platforms and sensitive financial data. Over 60% of cyberattacks in India now target BFSI and Fintech, and cloud-related security incidents have risen by more than 45% in the last two years. With rapid mobile banking adoption expanding the attack surface, risks such as unauthorized access, data leakage, credential compromise, and insider-driven breaches continue to intensify, making continuous, intelligence-driven cyber defence essential for financial institutions today.

Axidian (Dubai, UAE) for identity governance and privileged access management

FileCloud(Austin, USA) for hyper-secure Enterprise File Sync & Share (EFSS)

GTB Technologies (California, USA) for advanced Data Loss Prevention

Hunto.ai (Mumbai, India) for external threat intelligence and continuous monitoring

Together, these solutions empower financial institutions to strengthen data governance, prevent fraud, address regulatory compliance, and build resilient, zero-trust security architectures that safeguard customer confidence.

The BFSI and Fintech sectors remain prime targets for cyberattacks, with more than 60% of incidents in India now aimed at financial systems. Cloud-related breaches have increased by over 45% in the past two years. With mobile banking adoption expanding the attack surface, risks such as unauthorized access, data leakage, credential compromise, and insider threats continue to intensify—making real-time, intelligence-driven cyber defence a critical necessity.

To better reach SMEs, BD Soft is driving targeted initiatives, regional partnerships, and awareness campaigns. The company’s focus is on making advanced cybersecurity accessible, simple to deploy, and affordable, addressing a critical gap for growing businesses. Over the past year, this strategy has gained strong traction as BD Soft expanded its offerings to meet rising demand for enterprise-grade security at SME-friendly costs.

Commenting on the development, Zakir Hussain Rangwala, CEO of BD Soft, said, “SMEs are the backbone of India’s economy, but their rapid digital adoption has also made them highly vulnerable to cyber threats. At BD Soft, our mission is to make enterprise-grade security accessible to this segment by delivering solutions that are affordable, scalable, and easy to implement. With our growing portfolio and trusted partnerships, we aim to empower SMEs with the tools they need to safeguard their businesses while continuing their growth journey.”

By - Aaradhay Sharma