Rising threat and legal risk of customer data loss

The rise in cyber attacks poses a significant danger to the financial services industry, and to its customers. The sector is widely regarded as being the most prepared for such attacks, but continued efforts to improve security may not always prove sufficient. New laws mean that banks will face penalties if failures in security compromise customer data

Cyber attacks pose a growing threat to all industries. Most at risk is the financial services sector – not only for straightforward theft, but also because it holds sensitive information about clients and customers which is highly sought after by attackers. It is also widely regarded as the best equipped to deal with an attack. Nonetheless, industry experts believe it still has essential