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|Financial Services firms must take data security more seriously warns Advanced 365|
|Wednesday, 20 May 2015|
Financial Services firms must take data security more seriously and adapt their strategies to mitigate the risk of emerging cyber-threats in what is tipped to be the sector’s next disruptive decade. These are the findings of a new white paper commissioned by leading managed service provider, Advanced 365 (Advanced).
Security attacks impacting the financial services industry are on the rise with 93% of firms experiencing data breaches in the last 12 months. The average loss in reputational brand value for a company is estimated to be between £117 million and £210 million but could be even higher when considering the damage to customer trust.
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