The challenges presented by cyber risk have always loomed large for IT and business leaders in financial services. But today they have arguably reached a tipping point. The International Monetary Fund (IMF) devotes a whole chapter to the topic in its latest Global Financial Stability Report. It claims that more than 20,000 attacks on the sector have caused losses exceeding $12bn over the past 20 years.

*** This is a Security Bloggers Network syndicated blog from comforte Blog authored by Thomas Stoesser. Read the original post at: https://insights.comforte.com/fixing-a-12bn-challenge-for-banks-through-data-centric-security