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The Actuary The magazine of the Institute & Faculty of Actuaries

Insurers and banks prevent eight in ten cyber attacks

Insurance companies and banks have significantly improved their resilience to cyber attacks this year, with approximately eight in ten breaches successfully thwarted worldwide.

Evolving cyber threat for insurers and banks ┬ęShutterstock
Evolving cyber threat for insurers and banks ©Shutterstock

That is according to a report from consultancy firm Accenture, which also warns that financial services companies may be overconfident in their security protocols. Read the full article on our predictions site here.

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