What’s Trending in Cyber Liability Claims for Financial Institutions?

April 2017

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.

Click here to download the full infographic: http://www.advisenltd.com/2017/04/07/whats-trending-cyber-liability-claims-financial-institutions/

Nationwide. Advisen Ltd. April 2017. What’s trending in cyber liability claims for financial institutions? [Infographic].

Global Spending on Information Security Set to Rise to $81.6B

Researchers at Gartner expect worldwide spending on information security products and services to grow another 7.9 percent to $81.6 billion this year, with organizations looking not only to prevent cyber intrusions but also find ways to prevent data loss and recover quickly.

“Organizations are increasingly focusing on detection and response, because taking a preventive approach has not been successful in blocking malicious attacks,” said Elizabeth Kim, senior research analyst at Gartner. “We strongly advise businesses to balance their spending to include both.”

Read more at http://www.advisenltd.com/2016/08/16/global-spending-on-information-security-set-to-rise-to-81-6b/

Erin Ayers, “Global spending on information security set to rise to $81.6B (August 16, 2016), available with subscription at Advisen Cyber Front Page News.