The financial services industry is naturally a lucrative target for cyber criminals so it is imperative they invest in cybersecurity. Here we look at how organisations can go about combatting the threat of cyber crime
Financial organisations trade and control vast amounts of money, as well as collect and store customers’ personal information so clearly, a data breach could be disastrous for an industry that is built on trust with its customers.
The financial services industry is second only to retail in terms of the industries most affected by cyber crime – the number of breaches reported by UK financial services firms to the FCA increased 480 per cent in 2018, compared to the previous year. While financial