Research and Whitepapers

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2016 Vormetric Data Threat Report: Financial Services Edition

According to the legend of Willie Sutton, the oft-misquoted bandit robbed banks because ‘that’s where the money is’. Thus it’s no surprise that the U.S. financial industry is among those that are most heavily targeted by cyber attacks, and like the broader global economy, has been subject to numerous and well-publicized data threats.

Hardly a week goes by without news of another damaging data breach incident - according to the Privacy Rights Clearinghouse, the number of records breached in 2015 was more than twice that of 2014 – despite the fact that collectively, we are spending billions each year on various forms of cybersecurity and venture capitalists are spending princely sums on startups touting the latest and greatest new security offerings.