Finance is the biggest target of cybercrime

The finance sector has always been a prime target of cybercrime with over 24% breaches targeted at them last year and 97% of attackers driven by financial or espionage motives.

While botnets and ATM skimming continues to plague this industry, privilege misuse and human errors have become a dominant theme. Where are attacks coming from? Recent IBM data shows there are more insider-born attacks (58%) than outsider attacks (42%) on financial services — but most insiders don’t know they’re causing harm. More than half of insider attacks come from are ‘inadvertent actors’ compromised via phishing attacks, or internal attacks from another networked system.

Additional Resources on Financial Information Security:

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