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Finance surpasses healthcare as the most breached industry

In 2023, the finance sector overtook healthcare as the most breached industry, primarily due to third-party security breaches, according to Kroll’s 2023 Data Breach Outlook report. The professional services sector also saw a significant spike in breaches, with the increasing Business Email Compromise (BEC) cases considered a primary cause. However, the insurance sector witnessed an 81% drop in breaches year-on-year.

Source: www.retailbankerinternational.com –

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