Contrast Security released a report based on a comprehensive survey of development, operations, and security professionals and executives at enterprise-level financial services institutions. The report explores the state of application security at these organizations. 98% of respondents admit that they have experienced at least three successful application exploits in the past year that have caused an operational disruption and/or a data breach. The financial services industry, including banking, insurance, and investment firms, has long been a target of cybercriminals, and this has only accelerated due to the COVID-19 pandemic.
Source: https://www.helpnetsecurity.com/2021/05/28/application-security-priority/