This brief examines the security challenges facing the financial services industry in the age of AI. As organizations adopt AI to drive innovation and improve operations, they must balance these benefits against growing cybersecurity risks. The report highlights key trends including the decline of traditional phishing attacks in favor of more sophisticated AI-enabled scams, a sharp increase in ransomware and data extortion incidents, and the growing need for stronger security strategies. It identifies Zero Trust as a critical framework for protecting sensitive financial applications, customer data, and business operations in an evolving threat landscape. The brief also outlines how the Zscaler Zero Trust Exchange helps financial institutions strengthen security, improve access control, and

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