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Advisers still struggle to close the gap with cybercriminals

The majority of global financial service institutions are facing serious issues securing their stored data, according to a recent survey.

Financial firms struggle with security in storage, backups

Despite the increased dependence on data backups, in light of ransomware attacks that force organizations to revert to their backed-up information, a new survey of 200 financial service institutions across 45 countries showed that many if not most FSIs have yet to reach a “mature” level of data storage and backup.

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