Financial institutions are navigating a growing cybersecurity minefield, with data breaches doubling since 2023 and increasingly affecting a company’s market confidence or regulatory standing.
According to a report from AInvest, third-party breaches in the financial sector have doubled since 2023. The report also found that the average breach costs hitting $4.8 million, and insider-related incidents costing $17.4 million per organization.
With cyberattacks via third-party vendors and insiders rising, investors are beginning to scrutinize fintech and banking stocks for cyber resiliency as intensely as for earnings per share.
Hacks of this type often take around 80 days to contain, illustrating how experts still struggle to thwart real-time risks.
Hacks are growing in size and impact
The consequences also go beyond balance sheets: Santander’s 2025 cross-border data breach, for instance, dented its market standing even before regulatory fines were levied.
In that attack, 30 million customers from Spain, Uruguay and Chile and some Santander employees had their data hacked, including their personal data like social security numbers. In October 2024, the bank was fined €50,000 by the Spanish data protection agency (AEPD) for failing to report the breach and violating the General Data Protection Regulation (GDPR).
“Following an investigation, we have now confirmed that certain information relating to customers of Santander Chile, Spain and Uruguay, as well as all current and some former Santander employees of the group had been accessed,” it said in a statement posted at the time.
“No transactional data, nor any credentials that would allow transactions to take place on accounts are contained in the database, including online banking details and passwords.”
A rising tide of threats
These trends align with research from the International Monetary Fund, which found that the growing scale and sophistication of cyberattacks on financial infrastructure are now large enough to threaten economic stability.
The growing cost of cyber losses after a breach has been noticed, identified, disclosed to customers and fined by regulators has soared to $2.5 billion, accounting for reputation, regulatory, and remediation impacts.
Investors are also seeing a shift in the political and regulatory landscape. The European Union’s Digital Operational Resilience Act (DORA) and the UK’s Cyber Resilience Bill are ushering in higher standards for third-party risk and digital continuity in financial services.
Meanwhile, the Reserve Bank of India is demanding that banks deploy “AI-aware” defenses under a zero-trust framework, citing systemic risks tied to vendor lock-ins. For investors and regulators, cybersecurity is no longer just an IT concern, it’s a board-level strategic imperative.
The real-world cost of cyber vulnerability
In the UK, institutions like HSBC and Santander continue logging dozens of service outages each year, despite investments in cybersecurity and modernization. Barclays alone reported 33 outages between 2023 and 2025, an alarming reminder of the fragility of complex, dated infrastructure.
Similarly, a surge in phishing and third-party breaches is forcing firms to redirect resources toward building resilience-based infrastructure. New findings show that 45% of employees at large financial institutions remain susceptible to clicking malicious links, making human error a critical line of attack even with technical safeguards.
Thinking of investing in bank stocks?
For investors, the key takeaway is clear: cybersecurity maturity must factor into valuation and stock selection, especially within the fintech and banking sectors.
Companies investing in zero-trust architecture, which means requiring strict verification of every user, device, and application before granting access to resources, and AI-based anomaly detection are likely to be better protected and safer bets for investors wanting to avoid hacks.
Additionally, companies that have rigorous quarterly audits of their third-party cybersecurity plans see much more confidence from the capital markets.
Operational resilience is another critical factor, with institutions that participate in cyber war games and incident response exercises, organized by entities like the Federal Reserve and FS-ISAC, being viewed more favorably.
Another sign banks take security seriously? Financial institution leaders who prioritize employee cybersecurity training are recognized for effectively closing the most dangerous gaps in the defense chain, enhancing overall human risk management.
Security as a competitive edge
The confluence of regulatory pressure, rising financial fallout, and geopolitical cyber threats means investors can no longer afford to overlook cybersecurity metrics. Firms that treat defense as a cost center may ultimately come off worse than those that regard it as a strategic asset.
Financial institutions that embrace robust cyber hygiene, anticipate evolving threats—including AI and quantum risks—and align with regulatory expectations, could well distinguish themselves as proven leaders rather than potential liabilities. The security of tomorrow’s balance sheet may well depend on the strength of today’s defenses.
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![Scientists Found a Continent-Sized Geological Structure Hiding Beneath Antarctica
The East Antarctic Ice Sheet is almost unfathomably huge. Covering about 75% of the entire frigid continent (nearly everything on its side of the Transantarctic Mountains), the sheet covers about 3.9 million square miles (10.2 million square kilometers) and extends down 1.4 miles (2.2 km), on average, before coming into contact with Earth’s surface. At its deepest, the ice plunges down over 3 miles (4.9 km). For decades, scientists assumed that this literally continent-sized block of ice rested on an expansive and stable chunk of Earth’s crust known as a craton. A team of researchers has now complicated that picture—mapping a vast, interconnected geological structure that fans out from a troubling “tectonic deformation.” Beneath this ice sheet, thinner and more geologically recent slices of crusty lithosphere fan out into hidden valleys called “pull-apart basins.” These basins—30 elongated wedge-shaped valleys in total—constitute an entirely new, continental-scale geological region underneath Antarctica, in fact, one which the researchers have named the East Antarctic Fan-Shaped Basin Province (EAFBP). But it’s how they likely formed that has now caught researchers’ attention.
To put it bluntly, it turns out that about 90% of the planet’s fresh water ice may not be on solid ground. Geologist John Goodge called the team’s findings “provocative” in an independent commentary on the new study, published Thursday in the journal Nature Geoscience.
“East Antarctica is typically considered from seismic tomography and geodetics to be ancient and generally stable,” according to Goodge, who studies continental tectonics with the nonprofit Planetary Science Institute. “[But] something else is going on at depth.” Continental divides Goodge speculates that this seemingly “coherent pull-apart system,” as presented in the new study, might help explain a variety of mysterious heat and water flows beneath this ice sheet’s surface, like that enormous subglacial lake identified in 2016 or some of the hundreds more like it.
The study’s authors, led by geophysicist Egidio Armadillo at the University of Genoa in Italy, agreed: “Because these basins underlie about half of the East Antarctic Ice Sheet, they are likely to heavily influence both ice-flow and landscape evolution,” the researchers wrote in their study, also published Thursday in Nature Geoscience. Armadillo’s team, coordinating across Europe and the U.K., developed their new understanding of Antarctica’s hidden bedrock via an exhaustive set of sensory data. Gravitational and magnetic anomalies were mapped via low-altitude airborne surveys. Ground surface features were mapped with seismic tools, using sound waves that vibrate through the ice and ping back information about subglacial landscapes in 3D. The grey, magenta, and cyan lines represent the apparent new fault lines discovered. Credit: Nature Geoscience All of this data—the fruits of “multi-national efforts to image within and below the ice sheet,” as Goodge put it—had already revealed that regions of the continent were “undergoing more rapid movement and ice-mass loss than previously recognized.” Armadillo’s team merely helped to explain why.
The mechanism Armadillo and his colleagues proposed for the formation of these fan-shaped basins is called “distributed rotational extension.” It involves points called Euler poles around which tectonic plates pivot or rotate rather than smash into each other or pull apart. The result is a bit like decks of cards being spread out on a table, thinning out the stack of Earth’s crust as it moves. An icy situation Goodge took pains to spell out the basins’ implications for melting Antarctic ice due to climate change and the risk of rising global sea levels.
The mere existence of these basins, he wrote, “could introduce widespread, systemic instability to the East Antarctic Ice Sheet” via thinner layers of Earth’s crust and more heat flow from below. On top of that, a series of fault-line “troughs” documented between the basins appear “tailor-made to promote outward flow of ice streams from the interior” into the world’s oceans, he said. That said, the team’s findings are unlikely to end this debate. As Goodge noted, Antarctica is “the last continental frontier of scientific exploration.” It’s still a very mysterious place, one that’s challenging to study given its inhospitable temperatures and extreme geography. Its “cryptic subglacial geology” might stay that way for a while. #Scientists #ContinentSized #Geological #Structure #Hiding #Beneath #AntarcticaAntarctica,Geology,mapping,Plate tectonics](https://gizmodo.com/app/uploads/2026/06/East-Antarctic-Fan-shaped-Basin-Province.jpeg "Scientists Found a Continent-Sized Geological Structure Hiding Beneath Antarctica
The East Antarctic Ice Sheet is almost unfathomably huge. Covering about 75% of the entire frigid continent (nearly everything on its side of the Transantarctic Mountains), the sheet covers about 3.9 million square miles (10.2 million square kilometers) and extends down 1.4 miles (2.2 km), on average, before coming into contact with Earth’s surface. At its deepest, the ice plunges down over 3 miles (4.9 km). For decades, scientists assumed that this literally continent-sized block of ice rested on an expansive and stable chunk of Earth’s crust known as a craton. A team of researchers has now complicated that picture—mapping a vast, interconnected geological structure that fans out from a troubling “tectonic deformation.” Beneath this ice sheet, thinner and more geologically recent slices of crusty lithosphere fan out into hidden valleys called “pull-apart basins.” These basins—30 elongated wedge-shaped valleys in total—constitute an entirely new, continental-scale geological region underneath Antarctica, in fact, one which the researchers have named the East Antarctic Fan-Shaped Basin Province (EAFBP). But it’s how they likely formed that has now caught researchers’ attention.
To put it bluntly, it turns out that about 90% of the planet’s fresh water ice may not be on solid ground. Geologist John Goodge called the team’s findings “provocative” in an independent commentary on the new study, published Thursday in the journal Nature Geoscience.
“East Antarctica is typically considered from seismic tomography and geodetics to be ancient and generally stable,” according to Goodge, who studies continental tectonics with the nonprofit Planetary Science Institute. “[But] something else is going on at depth.” Continental divides Goodge speculates that this seemingly “coherent pull-apart system,” as presented in the new study, might help explain a variety of mysterious heat and water flows beneath this ice sheet’s surface, like that enormous subglacial lake identified in 2016 or some of the hundreds more like it.
The study’s authors, led by geophysicist Egidio Armadillo at the University of Genoa in Italy, agreed: “Because these basins underlie about half of the East Antarctic Ice Sheet, they are likely to heavily influence both ice-flow and landscape evolution,” the researchers wrote in their study, also published Thursday in Nature Geoscience. Armadillo’s team, coordinating across Europe and the U.K., developed their new understanding of Antarctica’s hidden bedrock via an exhaustive set of sensory data. Gravitational and magnetic anomalies were mapped via low-altitude airborne surveys. Ground surface features were mapped with seismic tools, using sound waves that vibrate through the ice and ping back information about subglacial landscapes in 3D. The grey, magenta, and cyan lines represent the apparent new fault lines discovered. Credit: Nature Geoscience All of this data—the fruits of “multi-national efforts to image within and below the ice sheet,” as Goodge put it—had already revealed that regions of the continent were “undergoing more rapid movement and ice-mass loss than previously recognized.” Armadillo’s team merely helped to explain why.
The mechanism Armadillo and his colleagues proposed for the formation of these fan-shaped basins is called “distributed rotational extension.” It involves points called Euler poles around which tectonic plates pivot or rotate rather than smash into each other or pull apart. The result is a bit like decks of cards being spread out on a table, thinning out the stack of Earth’s crust as it moves. An icy situation Goodge took pains to spell out the basins’ implications for melting Antarctic ice due to climate change and the risk of rising global sea levels.
The mere existence of these basins, he wrote, “could introduce widespread, systemic instability to the East Antarctic Ice Sheet” via thinner layers of Earth’s crust and more heat flow from below. On top of that, a series of fault-line “troughs” documented between the basins appear “tailor-made to promote outward flow of ice streams from the interior” into the world’s oceans, he said. That said, the team’s findings are unlikely to end this debate. As Goodge noted, Antarctica is “the last continental frontier of scientific exploration.” It’s still a very mysterious place, one that’s challenging to study given its inhospitable temperatures and extreme geography. Its “cryptic subglacial geology” might stay that way for a while. #Scientists #ContinentSized #Geological #Structure #Hiding #Beneath #AntarcticaAntarctica,Geology,mapping,Plate tectonics")
![Scientists Found a Continent-Sized Geological Structure Hiding Beneath Antarctica
The East Antarctic Ice Sheet is almost unfathomably huge. Covering about 75% of the entire frigid continent (nearly everything on its side of the Transantarctic Mountains), the sheet covers about 3.9 million square miles (10.2 million square kilometers) and extends down 1.4 miles (2.2 km), on average, before coming into contact with Earth’s surface. At its deepest, the ice plunges down over 3 miles (4.9 km). For decades, scientists assumed that this literally continent-sized block of ice rested on an expansive and stable chunk of Earth’s crust known as a craton. A team of researchers has now complicated that picture—mapping a vast, interconnected geological structure that fans out from a troubling “tectonic deformation.” Beneath this ice sheet, thinner and more geologically recent slices of crusty lithosphere fan out into hidden valleys called “pull-apart basins.” These basins—30 elongated wedge-shaped valleys in total—constitute an entirely new, continental-scale geological region underneath Antarctica, in fact, one which the researchers have named the East Antarctic Fan-Shaped Basin Province (EAFBP). But it’s how they likely formed that has now caught researchers’ attention.
To put it bluntly, it turns out that about 90% of the planet’s fresh water ice may not be on solid ground. Geologist John Goodge called the team’s findings “provocative” in an independent commentary on the new study, published Thursday in the journal Nature Geoscience.
“East Antarctica is typically considered from seismic tomography and geodetics to be ancient and generally stable,” according to Goodge, who studies continental tectonics with the nonprofit Planetary Science Institute. “[But] something else is going on at depth.” Continental divides Goodge speculates that this seemingly “coherent pull-apart system,” as presented in the new study, might help explain a variety of mysterious heat and water flows beneath this ice sheet’s surface, like that enormous subglacial lake identified in 2016 or some of the hundreds more like it.
The study’s authors, led by geophysicist Egidio Armadillo at the University of Genoa in Italy, agreed: “Because these basins underlie about half of the East Antarctic Ice Sheet, they are likely to heavily influence both ice-flow and landscape evolution,” the researchers wrote in their study, also published Thursday in Nature Geoscience. Armadillo’s team, coordinating across Europe and the U.K., developed their new understanding of Antarctica’s hidden bedrock via an exhaustive set of sensory data. Gravitational and magnetic anomalies were mapped via low-altitude airborne surveys. Ground surface features were mapped with seismic tools, using sound waves that vibrate through the ice and ping back information about subglacial landscapes in 3D. The grey, magenta, and cyan lines represent the apparent new fault lines discovered. Credit: Nature Geoscience All of this data—the fruits of “multi-national efforts to image within and below the ice sheet,” as Goodge put it—had already revealed that regions of the continent were “undergoing more rapid movement and ice-mass loss than previously recognized.” Armadillo’s team merely helped to explain why.
The mechanism Armadillo and his colleagues proposed for the formation of these fan-shaped basins is called “distributed rotational extension.” It involves points called Euler poles around which tectonic plates pivot or rotate rather than smash into each other or pull apart. The result is a bit like decks of cards being spread out on a table, thinning out the stack of Earth’s crust as it moves. An icy situation Goodge took pains to spell out the basins’ implications for melting Antarctic ice due to climate change and the risk of rising global sea levels.
The mere existence of these basins, he wrote, “could introduce widespread, systemic instability to the East Antarctic Ice Sheet” via thinner layers of Earth’s crust and more heat flow from below. On top of that, a series of fault-line “troughs” documented between the basins appear “tailor-made to promote outward flow of ice streams from the interior” into the world’s oceans, he said. That said, the team’s findings are unlikely to end this debate. As Goodge noted, Antarctica is “the last continental frontier of scientific exploration.” It’s still a very mysterious place, one that’s challenging to study given its inhospitable temperatures and extreme geography. Its “cryptic subglacial geology” might stay that way for a while. #Scientists #ContinentSized #Geological #Structure #Hiding #Beneath #AntarcticaAntarctica,Geology,mapping,Plate tectonics](https://i0.wp.com/gizmodo.com/app/uploads/2026/06/East-Antarctic-Fan-shaped-Basin-Province.jpeg?ssl=1 "Scientists Found a Continent-Sized Geological Structure Hiding Beneath Antarctica
The East Antarctic Ice Sheet is almost unfathomably huge. Covering about 75% of the entire frigid continent (nearly everything on its side of the Transantarctic Mountains), the sheet covers about 3.9 million square miles (10.2 million square kilometers) and extends down 1.4 miles (2.2 km), on average, before coming into contact with Earth’s surface. At its deepest, the ice plunges down over 3 miles (4.9 km). For decades, scientists assumed that this literally continent-sized block of ice rested on an expansive and stable chunk of Earth’s crust known as a craton. A team of researchers has now complicated that picture—mapping a vast, interconnected geological structure that fans out from a troubling “tectonic deformation.” Beneath this ice sheet, thinner and more geologically recent slices of crusty lithosphere fan out into hidden valleys called “pull-apart basins.” These basins—30 elongated wedge-shaped valleys in total—constitute an entirely new, continental-scale geological region underneath Antarctica, in fact, one which the researchers have named the East Antarctic Fan-Shaped Basin Province (EAFBP). But it’s how they likely formed that has now caught researchers’ attention.
To put it bluntly, it turns out that about 90% of the planet’s fresh water ice may not be on solid ground. Geologist John Goodge called the team’s findings “provocative” in an independent commentary on the new study, published Thursday in the journal Nature Geoscience.
“East Antarctica is typically considered from seismic tomography and geodetics to be ancient and generally stable,” according to Goodge, who studies continental tectonics with the nonprofit Planetary Science Institute. “[But] something else is going on at depth.” Continental divides Goodge speculates that this seemingly “coherent pull-apart system,” as presented in the new study, might help explain a variety of mysterious heat and water flows beneath this ice sheet’s surface, like that enormous subglacial lake identified in 2016 or some of the hundreds more like it.
The study’s authors, led by geophysicist Egidio Armadillo at the University of Genoa in Italy, agreed: “Because these basins underlie about half of the East Antarctic Ice Sheet, they are likely to heavily influence both ice-flow and landscape evolution,” the researchers wrote in their study, also published Thursday in Nature Geoscience. Armadillo’s team, coordinating across Europe and the U.K., developed their new understanding of Antarctica’s hidden bedrock via an exhaustive set of sensory data. Gravitational and magnetic anomalies were mapped via low-altitude airborne surveys. Ground surface features were mapped with seismic tools, using sound waves that vibrate through the ice and ping back information about subglacial landscapes in 3D. The grey, magenta, and cyan lines represent the apparent new fault lines discovered. Credit: Nature Geoscience All of this data—the fruits of “multi-national efforts to image within and below the ice sheet,” as Goodge put it—had already revealed that regions of the continent were “undergoing more rapid movement and ice-mass loss than previously recognized.” Armadillo’s team merely helped to explain why.
The mechanism Armadillo and his colleagues proposed for the formation of these fan-shaped basins is called “distributed rotational extension.” It involves points called Euler poles around which tectonic plates pivot or rotate rather than smash into each other or pull apart. The result is a bit like decks of cards being spread out on a table, thinning out the stack of Earth’s crust as it moves. An icy situation Goodge took pains to spell out the basins’ implications for melting Antarctic ice due to climate change and the risk of rising global sea levels.
The mere existence of these basins, he wrote, “could introduce widespread, systemic instability to the East Antarctic Ice Sheet” via thinner layers of Earth’s crust and more heat flow from below. On top of that, a series of fault-line “troughs” documented between the basins appear “tailor-made to promote outward flow of ice streams from the interior” into the world’s oceans, he said. That said, the team’s findings are unlikely to end this debate. As Goodge noted, Antarctica is “the last continental frontier of scientific exploration.” It’s still a very mysterious place, one that’s challenging to study given its inhospitable temperatures and extreme geography. Its “cryptic subglacial geology” might stay that way for a while. #Scientists #ContinentSized #Geological #Structure #Hiding #Beneath #AntarcticaAntarctica,Geology,mapping,Plate tectonics")
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