The large amounts of money involved in the financial sector make it a prime target for cyber criminals.
Financial firms are facing an unprecedented level of cyber criminal activity. With a success rate of one in three, these attacks are increasing in sophistication and proving to be very lucrative for the criminals involved, with over £500 million stolen from UK financial institutions in the first six months of 2018 alone.
As cyber crime intensifies in both speed and consequences, businesses find that they must strike a balance between being open and being secure. Regulators are constantly monitoring your cyber security, and with every attack the pressure is building. One breach could spell disaster.