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5 reasons why (not only) financial companies struggle with cybersecurity

22
Mar
2021
5 reasons why (not only) financial companies struggle with cybersecurity

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Financial services companies have been a popular target for cybercriminals for a long time. Not without good reason, since beyond working with money, financial companies handle a slew of sensitive client data that criminals utilize in various fraud schemes or sell off on dark web bazaars. According to Verizon’s 2020 Data Breach Investigations Report, in the past year alone the financial industry has suffered more than 1,500 incidents, with 448 confirmed data disclosures.

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