CYBER THREAT FINANCE CYBER THEFT Shred-it® is a Stericycle solution. © 2017 Shred-it® International. All rights reserved. Learn more about how your business can be compliant 800-697-4733 | shredit.com ONE OF THE BIGGEST THREATS TO THE FINANCIAL INDUSTRY IN 2016, CYBER CRIME COST THE GLOBAL ECONOMY OVER $450 BILLION The financial services industry experiences higher cybercrime costs than organizations in retail, hospitality and consumer products. 4 48 % of 51.5 DAYS is the average time it takes to resolve malicious insider cyber crime. 3 The financial industry has the HIGHEST ABNORMAL of all industries - 5.7% globally - after a data breach. CUSTOMER CHURN RATES DENIAL OF SERVICE ATTACKS ACCOUNT FOR all incidents in financial services. 2 34 % of A LARGE U.S. INSURANCE COMPANY AGREED TO PAY A settlement with attorneys general from 32 states in connection with an earlier data breach that exposed the personal information of over 1.2 million individuals. 5 MILLION $5.5 Financial and insurance services account for 7.5% of incidents. 1 DATA BREACH incidents in financial services are web application attacks. 2 Sources: 1. https://www.cnbc.com/2017/02/07/cybercrime-costs-the-global-economy-450-billion-ceo.html navigant report: https://www.navigant.com/insights/legal-technology-solutions/2017/cyber-threat-intel-report-q1-2017#article1 2. http://www.verizonenterprise.com/resources/reports/rp_2016-DBIR-Financial-Data-Security_en_xg.pdf 3. 2016 Cost of Cyber Crime Study & the Risk of Business Innovation 4. 2017 Cost of Data Breach Study, Ponemon (global and U.S.) 5. https://www.huntonprivacyblog.com/2017/08/10/nationwide-agrees-pay-5-5-million-settle-multistate-data-breach-investigation/ PAYMENT CARD SKIMMERS ACCOUNT FOR 6 % of JUST incidents in this sector. 2
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CYBERTHREAT
F I N A N C E C Y B E R T H E F T
Shred-it® is a Stericycle solution. © 2017 Shred-it® International. All rights reserved.
Learn more about how your business can be compliant 800-697-4733 | shredit.com
ONE OF THE BIGGEST THREATS TO THE FINANCIAL INDUSTRY
IN 2016, CYBER CRIME COST THE GLOBAL ECONOMY OVER$450 BILLION
The financial services industry experiences higher cybercrime costs than organizations in retail, hospitality and consumer products.4
48%of
51.5 DAYS is the average time it takes to resolve malicious insider cyber crime.3
The financial industry has the HIGHEST ABNORMAL
of all industries - 5.7% globally - after a data breach.
CUSTOMER CHURN RATES
DENIAL OF SERVICE ATTACKS ACCOUNT FOR
all incidents in financial services.234%
of
A LARGE U.S. INSURANCE COMPANY AGREED TO PAY A
settlement with attorneys general from 32 states in connection with an earlier data breach that exposed the personal information of over 1.2 million individuals.5
MILLION $5.5
Financial and insurance services account for 7.5% of incidents.1
DATA BREACHincidents in financial services are web application attacks.2
Sources:1. https://www.cnbc.com/2017/02/07/cybercrime-costs-the-global-economy-450-billion-ceo.html navigant report: https://www.navigant.com/insights/legal-technology-solutions/2017/cyber-threat-intel-report-q1-2017#article12. http://www.verizonenterprise.com/resources/reports/rp_2016-DBIR-Financial-Data-Security_en_xg.pdf3. 2016 Cost of Cyber Crime Study & the Risk of Business Innovation4. 2017 Cost of Data Breach Study, Ponemon (global and U.S.)5. https://www.huntonprivacyblog.com/2017/08/10/nationwide-agrees-pay-5-5-million-settle-multistate-data-breach-investigation/
PAYMENT CARD SKIMMERS ACCOUNT FOR
6%of
JUSTincidents in this sector. 2
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