Why Credit Unions Should Leverage Managed Cybersecurity Performance
According to the
2022 Verizon Data Breach Investigation Report (DBIR), data breaches caused by ransomware have almost quintupled, rising from 5% to over 25%. Additionally, the cost of data breaches has risen drastically in recent years. In 2021, the cost of a data breach rose to $4.24 million on average, an increase of over 10% according to
IBM. Risk is not a foreign concept for anyone in the financial industry, yet in recent years cybersecurity risk has become an absolute priority among credit unions and community banks. Increased regulatory scrutiny, remote workers, and the steadfast presence of online banking has forced the industry to prioritize cybersecurity as...
Want to keep reading? This content is for subscribers only.
Login
Subscribe
