Financial services make every effort to stay secure, but they still make up at least 35% of all data breaches. According to a Twitter poll in November 2019, the poll concluded that the Banking and Financial sector is battling with a huge number of cyber threats. Banks and financial organizations are a target for hacking. Mitigating data leakages and fraud prevention is a major aspect of the institutions’ security, but it is becoming more difficult as cyber threats such as Wi-Fi hacking and web-based applications evolve and become more sophisticated.
Read more at AndroGuru: https://www.androguru.com/2020/04/04/top-cybersecurity-threats-to-financial-services-in-2020/