Financial organizations struggling to secure data in the cloud

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In 2020, the most common incidents that financial organizations suffered regarding data in the cloud were phishing attacks (reported by 26%), targeted attacks on cloud infrastructure (22%) and ransomware (15%), Netwrix reveals. Among 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 orgs consider understaffed IT and security teams to be … More

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Source: help net security.com