Cyber attacks are in the news practically every day. And as these attacks increase in frequency and complexity, it’s not just "if" your organization will be breached, but "when." To stay ahead of threats, financial services companies need to rethink current approaches to managing cyber risks – many of which are static and outdated.

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Cyberattacks against financial services firms increased by over 70% in 2017, which reflects that the financial services sector is currently vulnerable to such attacks. In the future, adoption of.

Cyber attacks are increasingly significant risks in general in today's. financial services companies surveyed for it reported an increase in those.

Moreover, 2016 saw, on average, a 29 percent increase in attacks against financial services organizations, 2016 cross-industry versus financial services comparison.

The financial services industry is the target of a whopping 65% more targeted cyber-attacks than the average business, according to security watchers at IBM’s X Force. The number of financial.

Even the retail industry is arming itself heavily to fend off attacks on customer data: In 2015, its average security spend increased by 67% over the previous year. The retail sector registered a 154% increase in detected cyber attacks between 2014 and 2015 and a 159% rise in financial losses over the same period.

Financial Sector Firms Face More Cyberattacks, Higher Costs. In the United States in 2017, the financial sector suffered the most data breaches of all sectors, with 8.5 percent of the attacks targeting banks, brokers, investment firms and other financial companies, according to ITPS Magazine. “Financial services firms fall victim to.

During the second half of 2018, the financial services industry saw a more than 100 percent increase in cyberattacks occurring during mobile.

The financial sector is facing the highest number of organised cyber attacks and multi-channel threats, a threatmetrix report reveals. network revealed a 40% increase in cyber criminal.

Financial Services Is Industry Most at Risk for a Mega-Cyberattack: AIG Survey The survey of cybersecurity experts found that an attack on 5-10 companies simultaneously is highly likely this year.

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In the third quarter of 2015, the DDoS (Distributed Denial of Service) trends report numbers were at the highest quarterly levels in the last two years, with the financial and payments sector.