Financial Services: The Most Attacked Industry in 2016

The financial services industry remains an attractive target for cybercriminals and was, in fact, the most attacked industry in 2016. Hacking groups that target financial institutions are now focusing more on financial gain rather than digital sabotage with account takeovers, data breaches and targeted malware attacks.

It’s important to recognize that some of the very conveniences that financial firms now routinely offer their customers, including automated teller machines, credit cards and mobile banking apps, have introduced a level of accessibility that goes a long way toward making financial systems highly vulnerable to cyberattacks. As you would expect, customer loyalty is not preserved when a financial institution is breached.

But there are things that can be done to protect assets and your customers against loss. This infographic shows how pressing business concerns can impact your security posture.

Learn how IBM Security can help you make better-informed decisions about the threats your business faces

Security Intelligence Staff

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