How Banks Around the World Can Prevent Cyber Attacks
As both consumer and commercial banking clients shift to primarily utilize online banking, they still have high expectations that their financial assets will be secure. In 2021, the banking industry reported 703 cyberattack attempts per week — a 53% increase from 2020. And the cost of cyberattacks in the industry has reached $18.3 million annually […]
Threat Intelligence Provides Better Security for the Finance Sector
The financial sector continues to be one of the most heavily attacked industries, so it makes sense that it consistently spends more than others on cybersecurity. Bank of America, for instance, claimed just last year that it spends more than a billion dollars a year in cybersecurity. Much of that, no doubt, inspired by the […]
Mitigating Financial Services’ Data Breaches
Financial services such as banks, credit card companies, and insurance providers are trusted with an abundance of sensitive data, including customer’s Social Security numbers, banking details, and personal information. As a result, banking and financial institutes are 300 times more at risk of cyberattack than other companies. Data Breaches targeting financial services can quickly spread […]
