"Hacking and Malware Cause 75% of all Data Breaches in the Financial Services Industry"

Financial services firms made up 6 percent of all the breaches in 2019. In total, more than 60% of all leaked records in 2019 were exposed by financial services organizations, partly due to the Capital One mega breach, which compromised more than 100 million records. Despite this outlier, average breaches in financial services companies still tend to be more significant and more detrimental than other sectors’ breaches. Hacking and malware remain the primary cause of data breaches in financial services at 74.5%.

Help Net Security reports: "Hacking and Malware Cause 75% of all Data Breaches in the Financial Services Industry"