Among the most mature for cybersecurity, the financial system still has a long way to go


Based on data from eight years of working to assess cyber risk at hundreds of companies across many sectors in dozens of countries, it is clear that the financial sector is one of the best prepared for an attack, reflecting years of improvements and investment. But, although it only lagged behind the industrial, cyber and manufacturing sectors, the financial sector still has a lot of work to do, we found in our soon-to-published research.

Not only does the financial sector need to guard the private details of millions of people, and stay functioning in order for other businesses to run, but an attack on it could also cause panic and chaos in global markets, undermining general stability.

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