The finance sector is struggling to keep cybercriminals at bay, new research by Keeper Security has revealed.
The 2021 Cybersecurity Census Report found the average finance company in the UK suffered an average of 60 cyberattacks over the last year, with most (81%) IT leaders in the sector expecting this number to further increase over the next 12 months. Yet less than half (42%) believe they are well-prepared against these attacks.
The strain on IT teams throughout the pandemic is taking its toll when it comes to cybersecurity best practice. The majority (79%) of IT decision makers at financial companies have done at least one thing to compromise their company’s security over the past year.