The financial sector, subject to stringent regulatory requirements, has higher average security breach costs than most other industries. As IBM points out in its 2020 Cost of a Data Breach Report, public sector organizations traditionally have the lowest costs because they are unlikely to experience a significant loss of customers as a result of the data breach. Naturally, due to the kind of data banks and other companies collect from customers, the financial sector has always had a target on its back. COVID-19 has only compounded the problem with threat actors taking full advantage of these uncertain times. Read the complete article here.