FinTech Magazine - January 2023 | Page 47

BANKING

The Facts

1 ) Organisations with fully deployed zero-trust architecture saved 43 % on data breach costs
- Teramind
2 ) 80 % of data breaches are the result of poor or reused passwords
- Verizon
3 ) 55 % of financial institutions were hit by ransomware within the last year
- Sophos
4 ) Organisations using AI and security automation were able to detect and contain data breaches 27 % faster
- Teramind fintechmagazine . com 47