{"id":3955,"date":"2019-06-21T14:50:55","date_gmt":"2019-06-21T18:50:55","guid":{"rendered":"https:\/\/solutionsreview.com\/endpoint-security\/?p=3955"},"modified":"2019-06-25T16:18:00","modified_gmt":"2019-06-25T20:18:00","slug":"by-the-numbers-financial-cybersecurity-statistics","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/endpoint-security\/by-the-numbers-financial-cybersecurity-statistics\/","title":{"rendered":"By the Numbers: Financial Cybersecurity Statistics"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1584\" src=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/06\/data-breach-costs-mod.jpg\" alt=\"By the Numbers: Financial Cybersecurity Statistics\" width=\"800\" height=\"400\" srcset=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/06\/data-breach-costs-mod.jpg 800w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/06\/data-breach-costs-mod-300x150.jpg 300w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/06\/data-breach-costs-mod-768x384.jpg 768w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/06\/data-breach-costs-mod-540x270.jpg 540w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/06\/data-breach-costs-mod-162x81.jpg 162w, https:\/\/solutionsreview.com\/endpoint-security\/files\/2018\/06\/data-breach-costs-mod-360x180.jpg 360w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">In nearly every report, study, or survey concerning endpoint security, financial enterprises appear in the top three targeted industries. Perhaps this information shouldn\u2019t surprise. After all, financial cybersecurity often proves no more secure than other industries, and financial enterprises offer significant monetary rewards to hackers. <\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">To illustrate how much hackers stand to gain by targeting your financial enterprise, we dive into the statistics surrounding financial cybersecurity. Here\u2019s what you need to know:<\/span><\/p>\n<p><span style=\"font-weight: 400\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"#\" href=\"https:\/\/solutionsreview.com\/endpoint-security\/free-endpoint-protection-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" src=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/01\/endpoint-security-speedbump-cta.jpg\" alt=\"Download Link to Endpoint Security Buyer's Guide\" width=\"800\" height=\"225\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/span><\/p>\n<h2 style=\"text-align: justify\"><b>By the Numbers: Financial Cybersecurity<\/b><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">First, we must establish the context of cybersecurity overall before we can apply them to financial businesses. According to the <\/span><a href=\"https:\/\/solutionsreview.com\/endpoint-security\/major-data-breach-report-reveals-key-perimeter-weaknesses\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">Verizon 2019 Data Breach Investigations Report<\/span><\/a><span style=\"font-weight: 400\">: <\/span><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Ransomware makes up <\/span><b>24%<\/b><span style=\"font-weight: 400\"> of all security incidents. <\/span><\/li>\n<li style=\"font-weight: 400\"><b>69% <\/b><span style=\"font-weight: 400\">of all breaches stemmed from external threat attacks. <\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Meanwhile, insider threats constitute <\/span><b>34% <\/b><span style=\"font-weight: 400\">of breaches.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Additionally, McAfee weighs in on the general proliferation of data breaches. Their report, \u201c<\/span><a href=\"https:\/\/solutionsreview.com\/endpoint-security\/61-of-it-professionals-experienced-serious-breach-mcafee\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">Grand Theft Data II \u2013 The Drivers and Shifting State of Data Breaches<\/span><\/a><span style=\"font-weight: 400\">\u201d underscores the dangers of the digital marketplace:<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><b>61% <\/b><span style=\"font-weight: 400\">\u00a0of IT professionals say their C-Suite executives demand for security exceptions for their accounts. <\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">IT professionals face at least <\/span><b>6<\/b><span style=\"font-weight: 400\"> data breaches over their careers (on average). <\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Malware-driven theft constituted <\/span><b>29%<\/b><span style=\"font-weight: 400\"> of thefts in 2018. <\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Focusing on financial cybersecurity, Carbon Black found in their \u201c<\/span><a href=\"https:\/\/solutionsreview.com\/endpoint-security\/67-of-financial-institutions-reports-an-increase-of-cyberattacks\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">Modern Bank Heists: The Bank Robbery Shifts to Cyberspace<\/span><\/a><span style=\"font-weight: 400\">\u201d report: <\/span><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><b>26%<\/b><span style=\"font-weight: 400\"> of surveyed financial enterprises faced a destructive attack.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>79%<\/b><span style=\"font-weight: 400\"> of financial CISOs surveyed said their threat actor enemies are becoming more sophisticated.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>21%<\/b><span style=\"font-weight: 400\"> suffered a watering-hole attack, in which hackers infiltrate the enterprise website and use it to pollute visitors\u2019 browsers.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Also, <\/span><b>32% <\/b><span style=\"font-weight: 400\">of surveyed businesses suffered an island hopping attack, which targets supply chains and partners to reach the prime target. <\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Finally, <\/span><b>67%<\/b><span style=\"font-weight: 400\"> of surveyed financial institutions reported an increase in cyber attacks over the past year.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify\"><b>What Can Your Financial Enterprise Do?<\/b><\/h3>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">The first step in financial cybersecurity should focus on protecting your email and data traffic. According to the <\/span><a href=\"https:\/\/solutionsreview.com\/endpoint-security\/enterprises-faced-over-8-million-high-risk-email-threats-in-2018-alone\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">2018 Trend Micro Cloud App Security Report<\/span><\/a><span style=\"font-weight: 400\">, email remains the most popular infection vector for hackers attacking enterprises:<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Phishing attacks constitute <\/span><b>87%<\/b><span style=\"font-weight: 400\"> of high-risk email threats in 2018.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Overall, business email compromise (BEC) attacks caused $12.5 billion in global losses as of 2018.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">If you want to learn more about financial cybersecurity and endpoint security, check out our 2019 Endpoint Security Buyer\u2019s Guide.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"#\" href=\"https:\/\/solutionsreview.com\/endpoint-security\/free-endpoint-protection-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" src=\"https:\/\/solutionsreview.com\/endpoint-security\/files\/2019\/01\/endpoint-security-speedbump-cta.jpg\" alt=\"Download Link to Endpoint Security Buyer's Guide\" width=\"800\" height=\"225\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In nearly every report, study, or survey concerning endpoint security, financial enterprises appear in the top three targeted industries. Perhaps this information shouldn\u2019t surprise. After all, financial cybersecurity often proves no more secure than other industries, and financial enterprises offer significant monetary rewards to hackers. To illustrate how much hackers stand to gain by targeting [&hellip;]<\/p>\n","protected":false},"author":41,"featured_media":1584,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1,335],"tags":[238,162,22,13,40,30,161,94,50,92,17,84,48,983],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>By the Numbers: Financial Cybersecurity Statistics<\/title>\n<meta name=\"description\" content=\"We dive into the statistics surrounding financial cybersecurity; financial enterprises are quite vulnerable to hackers. 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