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Financial Services Firms Under Cyberattack

You’ve probably heard the old joke about why criminals rob banks: because that’s where the money is. It’s not so funny if you work in the financial services sector. Cybersecurity breaches at financial services firms have tripled in the last five years, making the industry cybercriminals’ top target, according to Accenture. The consulting firm’s latest “Cost of Cyber Crime” study also reports that the average number of breaches per financial services firm grew from 40 in 2012 to 125 in 2017 — a leap of 212%.

Your organization might be a target, but it doesn’t have to be a victim. Contact Xantrion for help defending yourself with a strong security cybersecurity strategy.