How To Combat Cyber Threats in the Finance Industry With a PAM Solution
According to IBM’s Cost of a Data Breach Report 2024, the average cost of a single data breach reached an all-time high of $4.88 million last year, driven by increased revenue loss, operational downtime, customer churn and regulatory fines, among other factors. As frequent targets of cybercriminals, finance services companies face especially high risks – and the consequences of a successful breach can be particularly damaging from both reputational and compliance perspectives.