Bank Hacking Has Doubled Since 2023 And Investors Are Getting Spooked

Financial institutions are navigating a growing cybersecurity minefield, with data breaches doubling since 2023 and increasingly affecting a company’s market confidence or regulatory standing.

According to a report from AInvest, third-party breaches in the financial sector have doubled since 2023. The report also found that the average breach costs hitting $4.8 million, and insider-related incidents costing $17.4 million per organization.

With…