Blog | G5 Cyber Security

Cloud compromise now the biggest cybersecurity issue for financial institutions

Infoblox unveils a research into how the COVID-19 shutdowns challenged the financial services industry’s core infrastructure. Data breaches are an increasingly significant cost burden for the industry. 54% of all organizations surveyed suffered a data breach in the last 12 months with 49% plagued by a cloud malware attack as well. Cloud and network-based attacks will continue to be a major threat vector. Network monitoring (76%), threat intelligence (64%), and threat hunting (57%) are considered the most effective mitigation tactics.

Source: https://www.helpnetsecurity.com/2021/05/13/financial-institutions-cloud-compromise/

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