Press Coverage
Media Inquiries Contact:
Jeff Young, Vice President, Corporate Communications
PR@progress.com
Network Security for Financial Institutions
External url :
https://digitalcfoasia.com/2022/03/11/network-security-for-financial-institutions/
Source Name :
DigitalCFO Asia
Date :
Mar 11, 2022, 10:00 AM
A whopping 35% of all data breaches impact Financial Services organizations, according to Forbes. These companies contain a treasure trove of valuable data, and intensely complex financial IT systems with their huge number of interconnections offer ample ways for cybercriminals to break in.
“Financial services firms are 300 times more likely than other companies to be targeted by a cyberattack,” the Boston Consulting Group argued. “Dealing with those attacks and their aftermath carries a higher cost for banks and wealth managers than for any other sector.”
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