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Financial services to boost security investment on account of breach risks

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Virtually every second global financial services organization was a victim of a data breach sometime in the past, according to a newly released Thales report. The 2017 Thales Data Threat Report, Financial Edition, says 49 percent of financial services organizations suffered a breach, with a fifth (21 percent) being breached more than once. Nine in ten (90 percent) feel more vulnerable to such incidents. As a result, more than three quarters (78 percent) are spending more to protect themselves. Almost all (92 percent) will deploy advanced tech, such as IoT, big data or cloud services, with 73 percent doing so before… [Continue Reading]

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