CyberNews Briefs

FSI organizations are failing to assess their software for security vulnerabilities before release

Organizations in the Financial Services Industry (FSI) are doing a rather poor job at preventing cyberattacks, new research by Synopsys shows. The majority of FSI organizations have suffered a cyberattack that caused system failure and downtime (56%) or have had threat actors steal sensitive customer data (51%). Ransomware infections or other extortion-based attacks have impacted 38% of firms.

While over half of FSI companies have effective strategies in place for detecting (56%) and containing (53%) cyberattacks, less than one-third (31%) are effective when it comes to attack prevention.

Read more: FSI organizations are failing to assess their software for security vulnerabilities before release

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.