A cybercriminal will typically have an average of 79 days of unfettered access to a compromised system (including entire branches) before the breach is discovered.
Researchers have pointed out that compliance does not equal cybersecurity and that too many businesses in the financial industry that were considered compliant ended up becoming breach victims.
The business risks and impact of a data breach on a financial institution can be severe, including financial losses, data breach costs, compensation, lost client trust, damage to reputation, or even lawsuits. Having security measures in place could save thousands and possibly even millions of dollars.
