Financial services companies over confident about protecting data

Financial services business tend to be attacked more than those in any other sector, but a new study finds that 75 percent of respondents in this industry are over confident in their data management practices. A worrying 24 percent of respondents to Integris Software's 2019 FinServ Data Privacy Maturity Study only update their personal data inventory once a year. Even more concerning, 13 percent only inventory sensitive data when audited or in response to regulation requests. The financial services industry spends the most on data privacy management and is increasing data privacy budgets. In fact, nearly all organizations (92 percent)… [Continue Reading]