Check, Please! Adding up the Costs of a Financial Data Breach
Guest article by Andrea Babbs, UK General Manager at VIPRE Reliance on email as a fundamental function of business communication has been in place for some time. But as remote working has become a key factor for the majority of business during 2020, it’s arguably more important than ever as a communication tool. The fact that roughly 206.4 billion emails are sent and received each day means we’re all very familiar with that dreaded feeling of sending an email with typos, with the wrong attachment, or to the wrong contact. But this can be more than just an embarrassing mistake – the ramifications could, in fact, be catastrophic. Check Please! Within the financial services, layered cybersecurity strategy is essential to keep sensitive information secure In particular, for the financial services industry that deals with highly sensitive information including monetary transactions and financial data, the consequences of this information falling into the wrong hands could mean the los...