The currency of trust: why banks and insurers must make customer data safer and more secure
Banks and insurers enjoy a significantly higher level of trust from consumers in the cyber security of their systems (83%) than any other sector (with e-commerce firms at 28% and both telcos and retailers at 13%).
However, the financial services industry doesn’t share the same sentiment. Just one in five banking executives (21%) are highly confident in their ability to detect a breach, let alone defend against it.