Financial Sector Hit By Shockingly High £1.34bn Security Testing Bill

The shockingly high cost of protecting against cyber attacks has been revealed, with the financial sector forking out more than £1.34bn annually to combat the growing threat of data breaches and system outages.

Research from AVORD – a revolutionary new security testing platform that launches today – reveals 95% of businesses in the financial sector have seen an increase in the number of data breaches over the last five years. And as a result of the growing threat to mobile devices, more than half (52%) are now investing more in identifying and protecting against app-based threats.