Financial services companies reported 81 % of cyber breach attempts in 2017 , increased from 66 % in 2016 , according to Accenture . The data , based on 4,600 enterprise security practitioners representing companies with $ 1bn annual revenues , shows that financial firms are backing up to hackers . However , the fact that over 40 % of breaches were not detected within a week and 9 % were not detected within a week demonstrates that there is still progress to be made . As such , 83 % of financial services executives said new technologies , like AI and machine learning , are vital to security in the future .
Financial services companies blocked 81% of cyber breach attempts in 2017, increased from 66% in 2016, according to Accenture. The data, based on 4,600 enterprise security practitioners representing companies with $1bn annual revenues, shows that financial firms are catching up to hackers. However, the fact that over 40% of breaches were not detected within a week and 9% were not detected within a month demonstrates that there is still progress to be made. As such, 83% of financial services executives said new technologies, like AI and machine learning, are vital to cybersecurity in the future.