Cyber attacks increase for financial services industry

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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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Though Asia-Pacific accounts for negligible percentage share, it is expected to grow at a significant CAGR during the forecast period owing to a significant increase in ransomware attacks. Most cyber.

Criminals target financial firms because that’s where the money is. Cybercrime hasn’t changed this, but it has ramped up the speed and the consequences. Firms should balance being open with being secure. As attacks increase and regulators take closer notice, the pressure to act mounts. By.

The number of cyber attacks against financial-services groups has soared in the last couple of years, with 75 attacks being reported to the UK’s City watchdog so far this year, compared with.

Eighty-six percent of financial services firms plan to spend more. "Given the substantial monetary losses from cyber attacks, it is not surprising that financial organizations are looking to.

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Cybersecurity Requirements for Financial Services Companies (23 NYCRR part 500) 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.

In this blog series, I want to do a deep dive into the survey results for the financial services (FS) industry. On the one hand, not so good. Financial services companies are leading the pack, but not in a good way in every case. For example: 1. Cyber attacks cost financial services firms more to address and contain than in any other industry.

orchestration of a large-scale cyber-attack is likely a matter of "when", not "if". This report represents the outcome of a joint effort of DTCC and Oliver Wyman to bring together financial services and non-financial services practitioners to investigate cross-industry coordination on response and recovery

A new report by IBM Managed Security Services (MSS) threat researchers took a closer look at the financial services industry’s cybercrime woes. There was no shortage of cyberattack-induced.

 · 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.