The number of breaches suffered by the financial services sector has tripled over the past five years. Ponemon study found that the average cost of cybercrime for financial services companies globally has increased by more than 40 percent over three years. Javvad Malik, Security Advocate at AlienVault, said the days of quarterly, or monthly vulnerability scans, or checking of logs once a week are no longer applicable. Speed and agility are of the essence. Its not necessarily about having a lot of security tools, but having the right tools that are streamlined and can offer broad capabilities to not only protect systems.”]
Source: https://informationsecuritybuzz.com/news/breaches-financial-services-tripled-last-five-years/