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Financial Industry Experienced 3,500 Cyber Attacks in 2019 So Far

Business Insurance

 

Financial Industry Experienced 3,500 Cyber Attacks in 2019 So Far

In mid-July, Capital One announced that the personal information of more than 100 million of its U.S. customers was compromised in one of the largest data breaches involving a bank.
 
In an official release from the company, Capital One noted that the information exposed includes names, addresses, emails, credit scores and transaction data. In some cases, Social Security numbers and linked bank accounts of secured credit card customers were also compromised.
 
Although this data breach was one of the largest data breaches involving a bank, it’s just one of 3,500 data breaches experienced by the financial sector so far this year. This staggering number of attacks communicates the relentlessness of cyber criminals.
 
As the number of cyber attacks continues to climb, it’s time that your organization evaluates its cyber security policies and practices. Companies must ensure that they’re complying with and promoting cyber security guidelines at their organization to help protect their data.
 
 
 
 

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