Ransomware is an unwelcome reality in the digital universe, primarily in regulated industries that handle or manage sensitive customer data. And while financial services companies go to great lengths to secure their data, they are not immune to cyberattack. In reality, they can be a primary
target for bad actors, as financial services firms are 300 times as likely as other companies to be targeted by cyberattacks.
Unfortunately, ransomware is here to stay, but it’s not all doom and gloom. With a proactive and well-rounded approach to data protection, financial service institutions can effectively mitigate the risk of data loss and rapidly recover from potential attack.