A recent study has revealed that finance companies are at greater risk of significant cyberattacks due to web application compromise surpassing human error as the leading cause of data breaches. According to a report by BitSight, this shift in the most common type of data breach is concerning for the financial sector, as it could lead to more dangerous cyberattacks. The study analyzed data breaches in finance companies over the past three years, with researchers aiming to understand the growth and impact of various attack types following the major cyberattacks on major corporations in 2023.
