Cyber-criminals are increasingly targeting smaller financial institutions, according to data from Nationwide and Advisen Ltd. In this infographic, the two companies show that while 53 percent of cyber incidents in the past five years affected larger companies or those with annual revenues greater than $1 billion, hackers are increasingly going after smaller firms.
This and more findings are featured in What’s Trending in Cyber Liability Claims for Financial Institutions?, an infographic that looks at the types of cyber incidents and sources of data loss. Nationwide and Advisen also examine the percentage increases in malicious data breaches and network disruptions.
Download a copy of the cyber infographic now and be updated on cyber liability claims in the financial sector.