This increase indicates the cyber threat against computers defined as. form part of countries’ critical national infrastructure. The financial impact of the recent ransomware attack affecting.

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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.

Firms should balance being open with being secure. As attacks increase and regulators take closer notice, the pressure to act mounts.. US Financial Services Cybersecurity Leader. and insurance are helping our clients tackle the biggest issues facing the financial services industry.

What do financial firms need to do to stay ahead of growing cyber and. are stepping up their efforts to stay ahead of cyber and business threats. More mature companies have therefore recognized the need to raise the.

Will innovation increase cyber threats in the financial services industry? Innovation is essential for incumbents to compete, but it should not come at the cost of security. With the region’s financial institutions (FIs) under increasing pressure from non-traditional financial services institutions entering into the battlefield, they are.

Cybersecurity retained its top spot as the primary concern for banks, FinTech companies and other financial service institutions in 2017. And for good reason. As per the IBM Cyber Security Intelligence index, over 60% of all security events in 2016 happened in just a single industry – financial services.

Salt Lake City, UT – May 31, 2017 – Venafi ®, the leading provider of machine identity protection, today announced the results of a study on the cryptographic security practices of DevOps teams in the.

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On the other hand, the cost to thwart a cyber attack is only eight dollars for every patient’s record. This figure alone is enough for healthcare facilities to get protection against cyber attacks. Financial Services. The financial sector is at the second slot on the list of the industries at greater risk of cyber attacks.

Financial services. for cyber attacks over other industries, with as many 200 million records breached in 2016, according to new research from Cambridge, Mass.-based IBM Security released Thursday..

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