Most UK financial firms hit by cyber attack in the past year

A survey of 100 senior business decision-makers shows that 70% of UK financial companies suffered a cyber security incident in the past 12 months, with nearly half (43%) caused by employee failure to follow company security protocols or data protection policies.

This threat was biggest in mid-sized financial companies (3,000-4,999 employees), with 52% of respondents citing employee failure to follow corporate data protection policies as their biggest issue, according to the survey, commissioned by security firm Clearswift.

Financial services are among the most attractive targets for cyber attackers, recent security research reports have revealed, with a broad range of cyber threats facing the global finance industry, which represents a one-stop shop for attackers, providing essential funding for the underground economy.

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Source: Computer Weekly