Blog | G5 Cyber Security

Financial organizations struggling to secure data in the cloud

In 2020, the most common incidents that financial organizations suffered regarding data in the cloud were phishing attacks (reported by 26%) and targeted attacks on cloud infrastructure (22%) and ransomware (15%) Among financial organizations that experienced a data breach, 20% had to cover unplanned expenses to fix security gaps, 19% faced compliance fines and 17% experienced customer churn. The report also revealed that 59% of financial organizations consider understaffed IT and security teams to be the major reason they struggle to secure data.

Source: https://www.helpnetsecurity.com/2021/04/08/financial-organizations-cloud/

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