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Cybersecurity and the Finance Sector: The Need for Stronger Data Protection Capabilities

After the fallout of the recent Capital One and Equifax data breaches, Clearswift commissioned a survey into the financial services sector to find out the extent of financial companies’ data protection capabilities. Worryingly, the results highlighted that 70% of financial enterprise organizations have experienced a cyber security incident in the past 12 months. This finding (among others uncovered by our survey) highlights an increased industry need for financial organizations to shift gears and speed up the innovation and deployment of effective risk-mitigation strategies to address the latest cyber threats.