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<a href="/news/data-breaches-in-banks-caused-by-lost-phones-and-laptops" title="Data breaches in banks caused by lost phones and laptops!">Data breaches in banks caused by lost phones and laptops!</a>
Posted on: 25 Aug 2016 

Posted By: ITWiser Webmaster

Data breaches in banks caused by lost phones and laptops!


A new study has revealed that one in four breaches (23.5 percent) in the US financial services were due to lost or stolen devices. Bit glass who are a cloud security firm have reported that over the last 10 years, one in five recorded breaches were caused by hacking.

More than 60 financial organisations including banks have suffered recurring breaches in the last 10 years. However only one in five security breaches were caused by hacking. The other breaches were caused by unintended disclosures (14 percent), malicious insiders (13 percent) and also lost paper records.

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The Register