The 2022 Thales Data Threat Report for Financial Services highlights that 59% of organizations faced increased cyberattacks, with phishing and denial-of-service being top threats. About 43% experienced breaches, and 19% faced ransomware. Negative impacts included financial loss, brand damage, and data disclosure. Multi-factor authentication adoption reached 80%, but 53% remain concerned about remote work security. Only 28% have full visibility of data storage, while 62% encrypt more than 60% of cloud data. On Zero Trust, 25% have formal strategies, 30% are developing them, and 27% have none.

Join for free to read