According to an independently conducted research by the Ponemon Institute LLC on the cost of cyber crime in 2017 (https://www.accenture.com/t20171006T095146Z__w__/us-en/_acnmedia/PDF-62/Accenture-2017CostCybercrime-US-FINAL.pdf#zoom=50), successful breaches per company continue to increase by 27% per year. The economic impact of these cyber attacks is one of the highest costs to the financial services industry. This means that companies within this sector need to drive for a change in how they approach cyber security.
The following diagram shows the average annual cost according to each industry sector:
The financial services industry is very appealing to threat actors, hacktivists, and nation states because of the data that companies within the financial services industry store. They have records of money transactions, details of the net wealth of...
