Tag Archives: Press Releases

U.S. Financial Firms Suffer Million Dollar Losses from Cybersecurity Incidents

According new data from the Kaspersky Lab Financial Institutions Security Risks 2016 , the costs associated with cyberattacks affecting the financial sector are rising as organizations face increasingly sophisticated threats. In the U.S., the cost of a cybersecurity incident to a financial institution can be as much as $1,165,000.