More than 60% of All Leaked Records Exposed by Financial Services Firms.

January 22, 2020
By shareef

A new report says that hacking and malware cause 75% of all data breaches in the financial services industry according to the below report from bitglass.

The Financial Matrix: Bitglass’ 2019 Financial Breach Report

The rise of global cloud adoption has revolutionized the way business is conducted across all industries. However, many organizations are still not utilizing the proper tools to secure critical data in the cloud and are suffering from recurring breaches as a result.

The magnitude of exposed files and affected individuals in the financial services industry far exceeds that of all other industries combined, even though financial services accounts for only 6% of all leaks.

The full report is available here.

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