India’s BFSI sector is rapidly advancing through digital innovations such as UPI, AI-driven services, and cloud adoption, but this transformation has significantly expanded its cyber risk exposure. This report assesses cybersecurity readiness across the ecosystem, highlighting evolving threat patterns, sector-wise maturity gaps, and the role of regulators and institutions in strengthening resilience. While leading institutions are adopting advanced security practices, inconsistencies persist across the broader ecosystem, particularly in governance, vendor risk, and incident response. The analysis highlights the need for more unified frameworks, stronger adoption of emerging security models, and a shift toward proactive, enterprise-wide cybersecurity to sustain trust and stability in an increasingly digital financial landscape.