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With the revolutionary advancements in modern transportation, offering advanced connectivity, automation, and data-driven decision-making has put the intelligent transportation systems (ITS) to a high risk from being exposed to cyber threats. Development of modern transportation infrastructure, connected vehicle technology and its dependency over the cloud with an aim to enhance safety, efficiency, reliability and sustainability of ITS comes with a lot more opportunities to protect the system from black hats. This paper explores the landscape of cyber threats targeting ITS, focusing on their potential impacts, vulnerabilities, and mitigation strategies. The cyber-attacks in ITS are not just limited to Unauthorized Access, Malware and Ransomware Attacks, Data Breaches, Denial of Service but also to Physical Infrastructure Attacks.