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
