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. “Cyber criminals have been targeting businesses for years but this year they seem more aggressive than ever before.
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.