Two-Thirds of Financial Services Firms Suffered Cyber-Attack in the Past Year

  • Practically two-thirds (65%) of huge money products and services companies have endured a cyber-attack in the past 12 months, whilst 45% have professional a rise in attack makes an attempt due to the fact the start of the COVID-19 pandemic.

    This is according to new investigation from HelpSystems, which surveyed 250 CISOs and CIOs in world fiscal solutions corporations about the influence of the pandemic on their cybersecurity.

    It highlighted that these companies are taking cybersecurity increasingly very seriously, with 92% stating that they have amplified expenditure in this space around the previous 12 months, with 26% executing so by a considerable quantity. The major targets of this expense have bundled protected file transfer (64%), defending the remote workforce (63%) and cloud/workplace365 (56%).

    The shift to residence working as a final result of COVID-19 has intended securing this location has become a essential objective for 42% of economic companies firms and 47% of respondents said they have developed financial investment in secure collaboration resources.

    About one particular-3rd of the security leaders have also immediately reacted to update regulatory ideal practices since the get started of the crisis, whilst almost 50 percent (46%) had re-evaluated their cybersecurity coaching and policies to account for the increase in dwelling working.

    In addition, almost half felt that the pandemic accelerated variations already in the pipeline, which includes going to Office environment 365, even though 43% observed digital transformation as the largest challenge going through providers in the economic companies business proper now.

    Kate Bolseth, CEO, HelpSystems, commented: “It’s a highly demanding cybersecurity landscape for the economic expert services sector, with several CISOs focused in battling day-to-working day threats together with attempting to obtain broader strategic aims.

    “Technology is a crucial aspect of cybersecurity of program, and no organization will ever be safe without the need of the proper security options to defend the group here and now. Nonetheless, of equal significance, particularly for more time-time period strategic aims, is ensuring the ideal procedures are in position and educating and coaching workforce.”