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Two-thirds of financial services firms hit by cyber breach in past year – report

Two-thirds of financial services firms hit by cyber breach in past year – report

A survey by managed service provider Auxilion and HPE found 65% of financial services organisations had suffered a cyber security breach in the past year, with 31% of managers not confident of preventing one in the next 12 months. Concerns included trust in AI (47%), ransomware (45%) and data mismanagement (44%). AI was used by 90% of organisations, with 76% using AI technologies to manage data and 66% deploying AI chatbots.

Source: www.techcentral.ie –

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