Web application compromise beats human error as the top data breach cause, putting finance companies at risk for larger attacks, according to a new study.
Web application compromise has topped human error as the most common type of data breach for finance companies. This shift gives the financial sector reason to be worried about broader, and more dangerous cyberattacks, acccording to a recent report from BitSight.
BitSight investigated types of data breaches targeting finance companies over the past three years. After massive cyber attacks hit major corporations in 2017, researchers wanted to learn the growth and impact of different attack types.