Rising Tide Of Cyber Attacks On Financial Institutions

Banks, investment companies, and insurers are prime targets for cybercriminals looking to steal money or information, disrupt operations, destroy critical infrastructure, or otherwise compromise data-rich financial services institutions (FSIs). Indeed, FSIs lead the pack in terms of the average cost of cybercrime incurred by companies in a particular industry, counting both internal activities and external consequences. That figure reached $28.3 million in 2015—which is significantly higher than the six-year average for FSIs of $19.4 million annually.

Continue reading here. Source: Deloitte