More than 90% of the respondents in Radware's annual study reported they experienced cyberattacks in 2015. Not one industry, including financial services, were immune to cyberattacks and few were prepared, according to the Israel-based security firm.
The coming year appears to be just as ominous, according to the "2015-2016 Global Application and Network Security Report," for which Radware's Emergency Response Team surveyed more than 300 organizations. The report identified 2015's major attack trends, outlined industry preparedness and offered predictions.
Financial services organizations ranked medium to high on Radware's Ring of Fire chart, which mapped vertical markets based on the likelihood that organizations in various sectors would experience attacks.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
